[Marxism] Brazil
S. Artesian
sartesian at earthlink.net
Thu Mar 12 21:22:33 MDT 2009
FT 3/11
Brazil's economy had its worst showing in more than a decade in the last
quarter of 2008, adding to pressure on the central bank to cut interest
rates aggressively.
GDP contracted by 3.6 percent from the previous quarter.... much more than
expected and the worst figure since the ...1996.
It brings an end to three years of steady growth in Brazil and will put
further strain on the notion that the country is relatively immune to the
global crisis.
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