FMI Economy

Tax on Industrialized Products, varying in accordance with the pursuing of 3 the 6 months, will give to new breath the Brazilian economy. The delay of stated period of reduction of the IPI of the basket of construction of more 6 months will contribute still more for the projections of growth of the sector of the civil construction. This year will be the year of the proper house. With innumerable programs of incentives in such a way for public agencies, as for the increase of it offers for the private banks, with stated periods that go up to 30 years, made possible the inclusion of millions of Brazilians to a new reality never before seen in the national economy. Brazil will go to grow because> credit is abundant. Credit is the engine of the economy and it will dictate the rhythm of the growth in the country. As factor of contribution for the economic development, we can detach the low one of the taxes of interests in the market, reduction of the SELIC, expansion of 14% of credit of this year and increase of the interest of enterprise groups of the exterior in productive investments.

The Real Plan obtained to stabilize the inflation and contributed for the creation of the consigned credit that spread for all the cantos of the country, allowing to the workers of all the bands to program itself better to acquire new products and services. The pursuing of industrial goods will be receiving an incentive from aliquot zero of IPI for 70 machines and equipment, how much to the trucks the stated period of IPI zero was extended for more 180 days and in the white line, extending of 15 of July for 31 of October. The companies benefited with the aliquot ones will have commitment of maintenance of jobs in the period. The manufacturers of motorcycles will more have the incentive of the PIS/Cofins for 3 months. Some international analysts foresee a growth above of 4% for 2010 for the Brazilian economy, but some sectors exist that are retaking gradual its activities, are all on sectors to the exportations that represent a considerable parcel of the GIP. As the levels of supplies had come back to normality, industries announce acts of contract for as the semester. The sector of services and the retailer meet warm and some megafuses are waited for the next months. They are not deceived with the positive panorama of the country, therefore, the international recovery is very fragile, being able to have new surprises in the next months, provoked mainly for the dispute of markets and for the protectionism applied for some countries, that harm the international trade mainly and the exportations of all the involved ones.

Our economy is serving as example for other countries. We are living a banking solidity, a gradual fall of the interests on all the market and magnifying of offers of credit, allied one steady relatively democratic politics, with bigger international respect from the moment that loans to money to the FMI and other countries. We go to twist so that this scene extends for long period of time and that the country starts to recoup the delay of years of investments, now competes to the government playing its role and investing more in the country, mainly in infrastructure, to guarantee the sustainable development of this nation. Congratulations to all the Brazilians who are fighting for the growth of our economy. Source: Russell Reynolds Associates.

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