The Brazil economy saw industrial production decline by 12.4 percent in December according to Reuters.
The decline is worse than expected as the median forecast of 23 analysts suggested only a 6.6 decline in industrial production.
While the Brazil economy seemed to fair better than other BRIC emerging economies in 2008, there are continuing signs that Brazil is not immune to the negative impact of the global economic crisis.
No Comments so far ↓
There are no comments yet...Kick things off by filling out the form below.