May 20, 2024

The Catholic Transcript

Complete News World

The US and Chinese economies are warning Brazil

The US and Chinese economies are warning Brazil

To us United States And on China, Economic indicators adopt a warning sign in Brazil. The deteriorating economy in both countries will affect the Brazilian economy.

In terms of foreign trade, China and the United States are Brazil’s two major partners, and therefore the worst economy in both places is affecting the country as demand for Brazilian goods declines.

China grew by almost 5% over the previous year, which is proportionally much higher, but it was the year the epidemic began.

The figure is even more worrying when comparing growth between quarters. The country’s GDP grew by 0.2% in the third quarter compared to the second quarter.

In the United States, data released this Monday (18) shows an industrial decline of 1.3% in September compared to August.

According to the director CNN Brazil Business, Fernando Nakagawa, China The current problem in the supply of spare parts is due to the real estate and energy crises to the economic downturn.

In the United States, parts supply is also a problem and there was Hurricane Ida in early September, which affected many sectors of the country.

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