• Categories
  • Archives

Business Climate Getting Warmer in Brazil

Plant chimney Latinamerica business climate remained favorable in July and reached its highest level since April 2000, according to the quarterly report from the prestigious Brazilian Foundation Getúlio Vargas, FGV.

The region's economic climate index, ICE, which is elaborated by FGV and the IFO Institute from Germany, reached in July 5.9 points, which is 0.1 above April's report and the best since April 2000, when the ICE stood at 6 points.

"The positive evolution between April and July was boosted by the combination of improvements in the current assessment of the economic situation in the different countries considered, and stability expectations for the coming months", according to the report.

The IFO/FGV rating on economic climate shows that in the last four quarters, Colombia, Brazil and Mexico recorded advances while Argentina and Venezuela backtracked.

Countries with a "very favorable", or an ICE above 7 points for July includes Peru (7.6); Brazil (7.2); Chile (7.2) and Costa Rica (7.1); countries with an ICE below 5 points or "unfavorable" atmosphere are Argentina (4.4) and Ecuador (3.3).-

The report points out the situation of Argentina which from an ICE of 7 points in the first quarter the Expectation Index dropped 2.2 to 6.3 points.

"Issues such as the rationing of energy and political non definitions, in an electoral year, must have contributed to the reversal of expectations".

Another country mentioned in the report as losing positions is Uruguay, which "since July 2006 when it had an ICE above 8 points, has consistently eroded".

Some of the possible factors mentioned as possibly influencing the situation are "the change of humor of the experts following the advance of inflation, controversies as to how serious the situation is and discussions as to what measures are needed or should be instrumented to ensure economic stability" says the ICE report.

Mercopress

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil to Spend US$ 2.4 Billion to Drill for Oil in Argentina

Brazil's government-controlled oil multinational Petrobras will be investing US$ 2.4 billion in hydrocarbons exploration ...

William Faulkner

Faulkner in Brazil: An Important But Neglected Presence (Part II)

What Hosam Abou-Ela (2005) calls the "poetics of peripheralization" is described as "the relationship ...

Slam-bang Guga

Slam-bang Guga Gustavo Kuerten, who every Brazilian is calling Guga these days, is tennis’ ...

Obama Wins with 65% of the Votes in Brazilian Poll. Romney Seen as Elitist

In an international public opinion poll that took place in 21 countries around the ...

In Quality of Life Brazil Ranks 48, US 5, France 1, Iraq Last

France offers the greatest quality of life in the world, according to the latest ...

Brazil’s Lu Horta Finalist in International Songwriting Contest

The International Songwriting Competition (ISC) has announced its 2005 finalists, including  São Paulo’s, Brazil, ...

Brazilian Industry Says Disappointing Cut in Interests Brought Bitter Christmas

The Brazilian Central Bank’s Monetary Policy Committee (Copom) has lowered the country’s key interest ...

Google Gives Brazilian Cops Special Tool to Censor Internet Content

Google is giving the Brazilian Federal Police the weapons they always wanted to clean ...

Brazil’s Ethanol Won’t Substitute Oil at Least for Three Decades

Petroleum, which accounts for 43.1% of the Brazilian energy matrix, will continue as the ...

Lula Gives Push to Biodiesel Inaugurating Plant in Brazil’s Northeast

Brazilian President Luiz Inácio Lula da Silva will inaugurate today Brazil’s first biodiesel plant ...