Home Business Brazil and developing countries in a good wave, says The Economist

Brazil and developing countries in a good wave, says The Economist

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After eight quarters of decline and rising inflation, the Brazilian economy seems to have resumed  the path of growth, says The Economist in its current issue. The cover story title  is”Global economy enjoys a synchronized recovery”. In the article, it is included a reference from the Institute for International Finance estimating that in January, developing countries, including Brazil, have reached the fastest monthly growth rate since 2011.

The Economist points out that “the Brazilian economy has shrunk in the last eight quarters, but with inflation expectations controlled, interest rates are falling.” The magazine also notes that even in places with recession, the worst has gone.”Brazil and Russia will add growth to global GDP, do not subtract,” argues the publication. In the Brazilian financial market, the valuation is similar. Experts are projecting a return to growth for this year and more expressive figures from 2018.

Article (The Economist)