Brazil: Falling Off the Boil?
Post on September 19, 2012, 12:00 pm by the-victoria-law-group 0 Comments
Many of the pundits have been warning of a BRIC slowdown for quite some time. Well, due to the economic crisis experienced by the developed countries, Brazilian export targets for 2012 are set to be missed for the first time since they were first introduced in 2003. The slowdown is attributed to a crash in the global price of iron ore, one of Brazil’s key exports. With sales from January to August totaling US$160.5 billion, Brasilia has admitted the US$264 billion target for the year is unlikely to be met.
Read Ben Tavener’s The Rio Times article here:
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