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Credit to Brazilian consumers continues to grow [ClearOnMoney]
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Credit to Brazilian consumers continues to grow

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Commentary

Credit to Brazilian consumers continues to grow

7 Feb 2012 by Jim Fickett.

One driving force for recent economic growth in Brazil has been a tremendous boom in credit to households (Demand growth in Brazil driven partly by a one-off pop in household credit), with credit outstanding rising from 6% to 16% of GDP in just a decade. Obviously this growth has to slow at some point, but that point has apparently not arrived just yet. The Banco Central do Brasil has data through December:

(Graph courtesy of BCB; click for larger image.)