{"id":10991,"date":"2012-06-01T22:30:53","date_gmt":"2012-06-01T20:30:53","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-4-brazil-economy-disappoints-again-in-1st-quarter\/"},"modified":"2012-06-01T22:30:53","modified_gmt":"2012-06-01T20:30:53","slug":"update-4-brazil-economy-disappoints-again-in-1st-quarter","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-4-brazil-economy-disappoints-again-in-1st-quarter\/","title":{"rendered":"UPDATE 4-Brazil economy disappoints again in 1st quarter"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Economy expands a paltry 0.2 pct in Q1 from previous<br \/>\nquarter<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Quarterly growth at 0.8 pct on a year-on-year basis<\/p>\n<p><span><\/span><\/p>\n<p>* Weak investment data bodes poorly for recovery<\/p>\n<p><span><\/span><\/p>\n<p>* Pressure mounts on Rousseff to take more dramatic steps<\/p>\n<p><span><\/span><\/p>\n<p>By Brian Winter and Silvio Cascione<\/p>\n<p><span><\/span><\/p>\n<p>SAO PAULO, June 1 (Reuters) &#8211; Brazil&#8217;s economy barely<br \/>\nexpanded i n the first quarter a s frustrated business leaders cut<br \/>\nback on investments, se tting the stage for another disappointing<br \/>\nyear and casting new doubt on the health of emerging markets.<\/p>\n<p><span><\/span><\/p>\n<p>The economy grew just 0.2 percent compared to the final<br \/>\nthree months of 2011, l ess than half t he pace m arkets expected.<br \/>\nThe third straight quarter of weakness in the world&#8217;s<br \/>\nsixth-largest economy prompted new calls for President Dilma<br \/>\nRousseff to enact much bolder reforms that could reclaim<br \/>\nBrazil&#8217;s mantle as a favorite of global investors.<\/p>\n<p><span><\/span><\/p>\n<p>That reputation has faded since mid-2011 as Brazil failed to<br \/>\ncope adequately with the challenges posed by its boom over the<br \/>\npast decade. A combination of a clogged transport system, an<br \/>\novervalued currency and an expensive and underqualified labor<br \/>\nforce have raised the costs of doing business and have caused<br \/>\ncompanies to delay or cancel expansion plans.<\/p>\n<p><span><\/span><\/p>\n<p>The data released by the government on Friday showed that,<br \/>\ndespite numerous stimulus packages enacted by Rousseff since<br \/>\nlate last year, investment shrank in the first quarter. Some<br \/>\nbusiness leaders say that much more dramatic steps &#8211; such as an<br \/>\nacross-the-board simplification of Brazil&#8217;s byzantine tax code &#8211;<br \/>\nare necessary to unloc k a new era of fast growth.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Economy expands a paltry 0.2 pct in Q1 from previous quarter * Quarterly growth at 0.8 pct on a year-on-year basis * Weak investment data bodes poorly for recovery * Pressure mounts on Rousseff to take more dramatic steps By Brian Winter and Silvio Cascione SAO PAULO, June 1 (Reuters) &#8211; Brazil&#8217;s economy barely [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10991","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10991"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10991\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}