Browsing: Economy

The government of Brazil has changed regulation on the 6% Tax on Financial Operations levied on loans made abroad for contracts of up to two years. Those for greater term have had the tax repealed.

Average growth of world’s leading economies was 0.8% in quarter one, as against 0.7% in the last three months of 2011. According to the OECD, the figure ‘masks up’ the countries’ uneven performances.

The expansion was identified in the first quarter as against the same period last year. The International Monetary Fund forecasts 6% growth for the country in 2012.