1945

Predictions that Brazil’s GDP would grow by some 3.7% in 2004 have been borne out by the level of economic activity in the first few months of the year. Exports should continue to boost the economy, but recovery will ultimately depend on whether domestic demand picks up from its very low level of 2003. This recovery of demand should essentially reflect lower real interest rates, better domestic financing conditions and a bigger wage bill.

Related Subject(s): Economic and Social Development
Countries: Brazil
/content/books/9789211555202s004-c003
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