Good Outlook for Brazil, LatAm

by Dave

Latin Business Chronicle

A survey by Brazil’s Fundação Getulio Vargas (FGV) business school and Germany’s Institute for Economic Research Institute (Ifo) shows that the economic outlook for Latin America in the coming six months is good.

The Economic Climate Index (ECI) for July 2009 shows that Latin America is entering the recovery phase of the business cycle, with Brazil recording the second highest economic climate index in the region.
The ECI rose to 4.0 points in July from 3.6 points in April. A breakdown of the findings shows that while the Present Situation Index (PSI) is still low, the Expectations Index (EI) increased to 5.4 from 4.6 points between April and July.

A special survey was conducted to evaluate how the experts perceived the legal and administrative restrictions on foreign firms in their respective countries. Peru, Uruguay and Chile have been classified as countries without restrictions. Low restrictions have been attributed to Colombia, Brazil, Paraguay, Bolivia and Mexico. High restrictions were associated with Argentina, Venezuela and Ecuador.

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