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Scoops & Analysis

peHUB Second Opinion 5.28

By
Connie Loizos
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Trucks line up at Rodovia Conego Domenico Rangoni in Guaruja in this March 27, 2013 file photo. Investment in Brazil probably grew at the fastest pace in three years in the first quarter, official data should show on Wednesday. But as much as two thirds of the rise may have come from the construction of heavy trucks - hardly the steady capital spending that Brazil so badly needs. Brazil's meager growth since 2011 is due in large part to that dismal investment rate, which President Dilma Rousseff is struggling to boost toward her goal of 25 percent of GDP. While consumer spending has kept the economy plodding along, a lack of capital spending and a host of transportation bottlenecks makes it hard to satisfy demand without stoking inflation. Last year Rousseff announced more than $100 billion in private road, rail and port concessions - a clear shift in strategy from the cumbersome state programs that disappointed in recent years. Picture taken March 27, 2013. REUTERS/Paulo Whitaker/Files

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Photo: Trucks line up at Rodovia Conego Domenico Rangoni in Guaruja in this March 27, 2013 file photo. Credit: Reuters/Paulo Whitaker/Files