Brazil Economy to Expand 7.7% in 2010, RBC Capital Markets's Chamie Says

RBC Capital Markets increased Brazil’s economic growth outlook for 2010 to 7.7 percent from 6 percent after a “solid start” this year.

The nation’s statistic agency said June 8 that Latin America’s largest economy grew 9 percent in the first quarter from a year earlier, the fastest annual rate since 1995, and 2.7 percent from the previous quarter, “giving 2010 a solid start,” Nick Chamie, head of emerging-markets research at RBC, said in an e-mailed report. RBC expects Brazil to grow 4.5 percent in 2011.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.