Brazil deceleration in pictures

23 Jun 2012 by Jim Fickett.

It has been widely noted that growth in Brazil has greatly slowed. Here is year-over-year GDP growth, courtesy of the monthly Economic chart pack from the central bank:

The deceleration is probably partly due to China decelerating, since Brazil is a major commodity exporter. Note exports, which had been growing strongly, leveled off in May:

The deceleration is also partly due to debt saturation in the household sector.

Note that growth in household consumption looks rather similar to GDP growth:

• 7 Dec 2011. Brazilian consumers pull back
• 9 Mar 2012. Brazil has been decelerating since the end of 2009
• 7 Jun 2012. Slowdown in Brazil is partly due to consumer credit saturation