quinta-feira, 29 de outubro de 2009

Brazil September Budget Shows ‘Deterioration,’ Volpon Says

Brazil September Budget Shows ‘Deterioration,’ Volpon Says
2009-10-29 18:31:12.749 GMT


By David Papadopoulos
Oct. 29 (Bloomberg) -- Brazil’s central government primary budget deficit in September showed the country’s finances have “suffered strong deterioration,” according to Nomura Securities International Inc.

“The serious deterioration in fiscal policy puts the country at risk if” growth in Asia weakens, curbing demand for Brazilian exports, Tony Volpon, a strategist at Nomura in New
York, said in a note to clients.


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David Papadopoulos at +1-212-617-5105 or papadopoulos@bloomberg.net