Comments on the Brazilian Economy - May 2009


11/05/2009

Itaú BBA

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pdf BBA 242  
  • In brief...
  • Financial markets improve substantially 
  • Portfolio flows turn positive, but direct investiment declines... 
  • Foreign capital markets reopen for Brazilian firms
  • Subsalt oil exploration starts
  • Economic activity improves and the Central Bank eases less...
  • Fiscal accounts disappoint…
  • Loan to IMF remains under  discussion...
  • Furthermore…
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