Samantha Pearson – The Financial Times (blog), 07/16/2012
Finding any good news about Brazil on Monday was a struggle.
Economists cut Brazil’s GDP 2012 forecast for the tenth straight time to 1.9 per cent, the stock market fell as much as 2 per cent after the dismal IMF report on global growth, and a gruesome bus accident killed at least ten people in the southern state of Paraná.
However, Brazil’s old friend, the commodity market, did offer some brief reprieve from the gloom.
[...] fund), Brazil’s population still seems happy to spend. However, not all the news is so grim: successful projections for Brazil’s commodities such as coffee and sugar, which have seen a recent upswing, are tempering the pessimism. [...]