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The disparity between exports and domestic demand has become striking here.
Net trade – the changing relationship between exports and imports – subtracted 0.4 points from the first quarter growth rate.
"There was a change in the relationship between exports and debt," Treasury Secretary Joaquim Levy told Brazilian television.
Capital spending grew 5.4percentt at an annualized pace while net exports, the difference between exports and imports, added 0.4 percentage points to growth.
A breakdown of the figures showed net trade, the gap between exports and imports, took a record 1.5 percentage points off quarterly growth.
Mr. Jerram noted that net exports, the difference between exports and imports, has been flat for much of the year and thus largely irrelevant to the economy.
Similar(12)
Research from the WTO found a strong relationship in Mauritius between export diversification and economic growth.
The lag time between export orders and payment can tax a small business.
A second conclusion to be drawn from experience is the close connection between export expansion and economic development.
The correlations between export status and input and output prices are similar to those for plant size.
Unctad is right to say that there is no "automatic" link between export growth, enhanced productive capacity and structural change.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com