I will be posting this on my relevant holdings.
These are factual as of today, which have been released by Instituto Brasileiro de Geografia e Estatística (IBGE). Inflation in the month of March 2015 accelerated to 1.32% the highest level since February 2003 with February 2015 at 1,22%. Inflation in Brazil for the 12 month period ending 31 March 2015 is 8.13% the highest since December 2003 (9.30%).
The average increase in energy costs were 36.34% in March 2015 with the average 12 month increase of 60.42%.
Increases in fuel costs this year 2015 have so far reached 9.80%, with the average 12month increases standing at 11.49%.
The above facts could not be foreseen in any business plan, contingencies would be blown out of the window and questions the future viability of many projects.
Gentlemen Brazil is in recession ! The link below is in Portuguese so translate will help.
http://www.msn.com/pt-br/dinheiro/e...-mês-em-20-anos/ar-AAaA8Vl?ocid=mailsignoutmd
