Political Commentary Your Tax Reais at Work -- for Them
نویسنده
چکیده
Brazil’s economy continues the expansion that began in the last quarter of 1999. The Brazilian Institute of Geography and Statistics has reported that GDP, relative to 1999, grew 3.08% during the first quarter. The industrial sector was especially strong. Led by autos and capital goods products, the sector’s output jumped some 8%. Moreover, automobile production in May reached 150,000 units, the largest monthly figure since June 1998. Industrial capacity utilization has, as a result, reached rather high levels, notably among cellulose and chemical manufacturers. Some firms are even said to be constraining their exports in order to satisfy domestic demand.
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