| cl | | | | increasingly point to a stabilization in the economy, |
| Someone forgot to tell Brazil that weâre in the | | | | further suggesting that the country has perhaps been |
| middle of the worst global recession in history. | | | | less impacted than other markets in this global |
| Brazil is quickly becoming a political and economic | | | | recession. After the 4.4% quarter-on-quarter decline in |
| leader in Latin America and the world. As with the rest | | | | 4Q08 and a subsequent 3.5% decline in 1Q09, the |
| of the global economy, Brazil entered into a | | | | countryâs GDP reached US$417.8 billion at |
| recessionary period in 2009, but economic data that | | | | 2Q09, up 5.2% from the prior quarter, and projected |
| have been emerging from the Instituto Brasileiro de | | | | GDP growth for the second half of 2009 is running at |
| Geografia e EstatÃstica (âIBGEâ) | | | | about 4. |