The official figure will be released by the Brazilian Institute of Geography and Statistics (IBGE) on 1st March. The country's economic activity in December rose 0.26 percent compared with the previous month, In 2012,
The Brazilian government announced a series of measures to stimulate growth, including cutting the central bank's overnight rate to a record-low 7.25%, reducing taxes for industries, increasing credits and lowering prices. For 2013, the government forecasts a 4% growth,
Brazil’s government is considering making permanent certain tax cuts that were implemented to spur the economy. One of the reductions that would be made permanent is a 3% credit for companies that export manufactured goods. It is stated that tax cuts also would help control inflation,
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