Brazilian GDP expanded by 2.7% last year

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Source: BBC
Brazilian economy expanded less than initially expected in 2011. The GDP of the country grew by 2.7% in 2011 while analysts projected the figure to top 2.8%. Brazil faced economic boom due to high energy and high food prices. The country may become sixth biggest economy outperforming the UK as Brazilian output was worth 2.09 trillion US Dollars as compared to UK's economy that was worth 2.25 trillion US Dollars in 2010.

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Tue, 06 Mar 2012 19:13:12 GMT

RBS: Central banks gold buying to decline by 30% in 2012

Central banks' gold buying is likely to fall by more than 30% this year, according to RBS report. The RBS expects the worldwide banks' gold demand to decrease to 300 tonnes as compared to 439.7 tonnes in 2011. In fact, last year's gold purchases soared by about 470% hitting 48-year high. The largest gold importers were Russia, India and China

Tue, 06 Mar 2012 14:27:18 GMT

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