Brazilian GDP Growth Slows Sharply

A blog about business and economics.
March 6 2012 5:31 PM

Brazilian GDP Growth Slows Sharply

Brazil's GDP grew 7.5 percent in 2010 which made a slowdown all but inevitable, but dropping to a 2.7 percent growth rate is staggering. One principle issue is that the value of the currency has appreciated enormously, rendering Brazilian manufacturing an uncompetitive drag on overall output.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.