Brazil's once-booming economy flatlines in Q3 and rises just 2.1% Y/Y vs. expectations of 2.7%....

|By:, SA News Editor

Brazil's once-booming economy flatlines in Q3 and rises just 2.1% Y/Y vs. expectations of 2.7%. Europe is no doubt having effect, but don't forget China, the major consumer for the raw materials Brazil is chock full of. Economists slash their full year estimates for 2011 and 2012 to 3.09% and 3.48% respectively. 2010 growth was 7.5%.