By Mary Carroll, Contributing Reporter
RIO DE JANEIRO, BRAZIL – In August, the Central Bank’s Economic Activity Index (IBC-Br) registered the fifth consecutive rise in GDP, a 0.98 percent increase in comparison with the month of July. It is the highest increase recorded of the last seventeen months.
Chief economist at Votorantim Corretora, Roberto Padovani told O Globo that the IBC-Br for August reflects the measures adopted by government in recent months.
Apart from the successive reductions . . .