01/13/2009 09h05
OECD survey evaluates that Brazil is the country that suffers the least with the global crisis
Valor Econômico - 01/13/2009
Brazil is the country that suffered the least with the world crisis, according to a survey of the Organization for the Economic Cooperation and Development (OECD). According to the document, the Brazilian economy withdrew only 2.9 points and was classified as having its activity in "decline". The study based on data of November of last year, points to a "strong deceleration" in European Union, Asia, USA and most emerging economies. The survey includes the 30 member countries of the OECD and five important economies that do not integrate the group, among them those of the Bric - Brazil, Russia, India and China. The index, considered an average of the economic indexes, is around one hundred points. OECD classifies as growing economies those with the index moving upward and over one hundred. Those with the downward indexes above one hundred points are defined as declining economies, inclined to a retraction in the economic activity. Countries with indexes below one hundred, but growing, are classified as under recovery. Those with the index below one hundred, and economy under retraction, are defined as under deceleration. Brazil is the only country that kept its classification above one hundred points in the second half of 2008. In November, it stayed at 101.2 points, compared to 102.3 in October, 103.2 in September, 103.9 in August and 104.1 in July. Russia was the country with the worst performance in November, with 89.8 points. The index is little superior to China's, but it represents a reduction of 13.8 points compared to the same period of last year. In China, the index was 88.5. In India, the deceleration in November registered a reduction of 7.6 points in relation to the same period of the previous year. All major world economies registered "strong deceleration", with indexes below one hundred points since July. The USA scored 92.2 points in November.
