Growth in Q2 of this year grew to 1.5 percent, the fastest Q2 growth in three years. However, this growth is expected to be short lived with economists expecting growth in Q3 to slow significantly.
Growth in Q2 of this year grew to 1.5 percent, the fastest Q2 growth in three years. However, this growth is expected to be short lived with economists expecting growth in Q3 to slow significantly.
With an anemic growth of only 0.9 percent in 2012, 1.5 percent for this year's Q2 is good news. Unfortunately this growth is not expected to last. One of the hardest hit by the speculated tapering of QE, the Brazilian real has dropped 17 percent since May against the greenback. But it's unfair to put all the blame for the depreciating real on the prospect of QE tapering — social unrest earlier this summer in June and July, as well as underlying infrastructure and economic framework issues have contributed to the country's sl...