Where's the boom?Although the currencies of Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. and Argentina have devalued de·val·ue also de·val·u·ate v. de·val·ued also de·valu·at·ed, de·val·u·ing also de·val·u·at·ing, de·val·ues also de·val·u·ates v.tr. 1. To lessen or cancel the value of. considerably in recent months, there's no sign of an export boom on the horizon. Exports in 2002 are poised to grow only 4.7% in Brazil and 8.6% in Argentina, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an economic analysis by Santander Investment. Experts generally blame a lack of export culture in both countries for the lackluster lack·lus·ter adj. Lacking brightness, luster, or vitality; dull. See Synonyms at dull. Adj. 1. lackluster - lacking brilliance or vitality; "a dull lackluster life"; "a lusterless performance" growth in foreign sales. More worrisome, perhaps, is that imports are not expected to budge much, either. Brazil will likely import only slightly more goods than it did last year, while Argentina--which saw imports fall 19% in 2001--should see another drop, this time about 6%. [Graph omitted] [Graph omitted] [Graph omitted] [Graph omitted] [Graph omitted] [Graph omitted] |
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