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<TITLE>Brasileiro</TITLE>
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&nbsp;<B><U>남미 경제</U></B></FONT><P>
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<B><U>브라질</U></B></FONT><P>
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Economist: Brazil may become seventh largest economy in 2011 </B></U></FONT><P>
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<IMG SRC="economy foto(1).jpg" WIDTH=300 HEIGHT=427><P>

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The Economist Intelligence Unit is predicting that in 2011 Brazil would move ahead of Italy<BR> 
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into seventh place in the ranking of the largest world economies with a GDP of US$2 billion.<P>

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The list of the world's largest economies is expected to have a major reorganization in 2011.<BR> 
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According to estimates by the Economist Intelligence Unit (EIU), China would retain the second<BR> 
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spot that took from Japan, while the second quarter of 2011 will see the rise of other emerging<BR> 
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markets: Brazil, Russia and India.<P>

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The research unit of The Economist is predicting that Brazil, the eighth largest economy of the world<BR>
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in 2009, with a nominal GDP of $1.5 billion, followed by Spain, Canada, India and Russia, would continue<BR>
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in the same position during 2010.<P>

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However it is expected that in 2011 the largest Latin American economy will climb up to stand in seventh<BR>
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place in the ranking with a nominal Gross Domestic Product of just over US $ 2 billion. Thus, Brazil would<BR>
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regain the position it occupied in 1994 displacing Italy which it is not expected to reach $1.8 billion in<BR>
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nominal output. Another European Economy that will surrender position among the largest economies in the<BR>
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world is Spain, being relegated to the 12th post because of the significant advance of Russia and India.<P>

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The International Monetary Fund (IMF), however, in estimates released last April does not predict such an<BR>
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advance for the Brazilian economy until 2013. This may change, however, when the IMF revise its estimate<BR>
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in October.<P>  

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<IMG SRC="economy foto(2).jpg" WIDTH=429 HEIGHT=512><P>

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Among the reasons for the changes in the ranking of the largest economies in the near future are the advance<BR>
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of the emerging economies that were not drastically affected by the 2008 crisis which left Europe and the USA<BR>
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with modest growth which is expected to continue in Europe until at least 2012 according with Negocios<BR>
&nbsp;&nbsp;  
(in Portuguese). However, during the past years since the crisis, Brazil successfully committed itself to<BR>
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fiscal stability and responsible policies that encouraged investment and a large domestic demand.<BR> 
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Additionally, the Brazilian economy is benefiting from the strong demand for commodities and raw materials<BR>
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from China. Another important factor strengthening the situation of Brazil and other emerging economies has<BR>
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been the currency appreciation against the euro and the dollar.<P>

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The situation of China as the second largest economy is expected to remain stable due to a growth forecast<BR>
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of 9.9 percent in 2010 and 8.3 percent in 2011. However, this assumes that the Chinese government is<BR>
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successful in its efforts to control the current massive increase in medium to high risk bank lending<BR>
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and large increases in house and land prices.<P>


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<B><U>남미 주식</U></B></FONT><P> 

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21/April/2012,&nbsp;18 : 00 GMT</FONT><BR>
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<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">주식 시장</FONT></B></TD>
<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">지수명</FONT></B></TD>
<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">주가 지수</FONT></B></TD>
<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">등락율</FONT></B></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Brazil</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">BOVESPA</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">62,494.00</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">-0.20 %</FONT></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Argentina</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">MERVAL</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">2,338.48</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">-0.61 %</FONT></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Chile</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">IGPA</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">21,954.27</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">1.00 %</FONT></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Chile</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">IPSA</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">4,596.78</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">1.23 %</FONT></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Mexico</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">IPC</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">39,354.86</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">-0.10 %</FONT></TD>
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<B><U>남미 환율</U></B></FONT><P> 

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21/April/2012 </FONT><BR>
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<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">환율/US Dollar</FONT></B></TD>
<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">매도</FONT></B></TD>
<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">매수</FONT></B></TD>
<TD><B><FONT COLOR="BLUE" SIZE=3 FACE="Times">시간</FONT></B></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Real Brazil</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">1.8645</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">1.8545</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">18 : 00 GMT</FONT></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Peso Argentina</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">4.4030</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">4.4020</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">18 : 00 GMT</FONT></TD>
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<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">Peso Chile</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">486.45</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">485.80</FONT></TD>
<TD><FONT COLOR="BLUE" SIZE=3 FACE="Times">18 : 00 GMT</FONT></TD>
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<B><U>남미 지폐</U></B></FONT><P>

&nbsp;&nbsp;<IMG SRC="Brazil real.jpg" WIDTH=271 HEIGHT=122>&nbsp;&nbsp;
<IMG SRC="Argentina peso.jpg" WIDTH=271 HEIGHT=122>&nbsp;&nbsp;<IMG SRC="Chile peso.jpg" WIDTH=271 HEIGHT=122><BR>
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아르헨티나貨, Peso(페소)
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칠레貨, Peso(페소)
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<IMG SRC="Mexico peso.jpg" WIDTH=271 HEIGHT=122>&nbsp;&nbsp<IMG SRC="Uruguay peso.jpg" WIDTH=271 HEIGHT=122>
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멕시코貨, Peso(페소)
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우루과이貨, Peso(페소)
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파라과이貨, Guarany(과라니)</FONT><P>

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