Brazil to see moderate growth in 2012August 10th, 2012 - 1:41 pm ICT by IANS
Rio de Janeiro, Aug 10 (IANS) Brazil should be able to achieve moderate growth in 2012, while most of the OECD’s 34 member economies will lose steam in the coming months, the economic grouping said.
Brazil’s indicator remained stable from May to June at 99 points, after the economy posted an expansion in previous months, meaning it will keep growing in the near future, albeit at a slower pace, the Organization for Economic Cooperation and Development (IECD) said Thursday in a report.
The OECD also said emerging economies like China, Russia and India will register deceleration. And among the seven largest economies in the world, Britain was the only one to register a rise in its indicator, suggesting signs of recovery of economic activity for this year, reported Xinhua.
The eurozone seems to be the main source of problems, but indicators for the US and Japan have also decreased, the OECD added.
- OECD says data points to slowdown in pace of economic activity - May 10, 2010
- Fitch reduces Brazil's GDP growth projection - Dec 13, 2011
- Lowered inflation may spur growth: Brazil - Apr 06, 2012
- Fitch maintains Brazil's investment rating at BBB - Oct 26, 2011
- South Korea's economic growth to slow in 2012: ADB - Apr 13, 2012
- Brazil's ready if financial crisis worsens: Minister - Aug 05, 2011
- Crisil cuts India's economic growth forecast to 6.5 percent - Jun 04, 2012
- Asset quality of Indian banks to weaken: S&P; - Jul 25, 2012
- US economic growth accelerates - Jan 28, 2012
- Brazil predicts higher economic growth for 2012 - Dec 21, 2011
- India to focus on infrastructure-led growth at G20 (Roundup) - Jun 16, 2012
- US economy grows at modest pace - Jul 19, 2012
- Japan's central bank sees economy improving - Oct 11, 2011
- Greece has upset calculations, let it not multiply: Manmohan - Nov 03, 2011
- `Brazil ready to tackle ripple effects of eurozone crisis' - May 23, 2012
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