December 2012

2012 Petrochemical Review

South America: Brazil

Brazil’s economic improvement was remarkable over the past decade, following many years of slow growth. On average, the Brazilian gross output of goods and services increased at an annual average..

Carvalho, O., MaxiQuim Assessoria De Mercado

Brazil’s economic improvement was remarkable over the past decade, following many years of slow growth. On average, the Brazilian gross output of goods and services increased at an annual average of 3.6% from 2000 to 2010, despite the global financial crisis. From the long-term perspective, this rate means a great achievement from years past. During the 1980s, Brazil’s gross domestic production (GDP) expanded at 1.6%/yr, while, in the 1990s, it accelerated to a mere 2.5%/yr, as shown in Fig. 1. According to analysts’ estimates, the Brazilian GDP may have expanded by 2.7% in 2011, and it could accelerate over the next five years. This growth is linked to the anticipated new i

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