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WORLD WATCH

International Business / The Pacific

February 15, 1996

Brazil's Economy Grew 4.2% in 1995: The growth was fueled by higher production at farms and service companies, a government research institute said. "From April 1995 onward, the government was able to rein in rapid growth with high interest rates and tight monetary policy," the Brazilian Institute of Geography and Statistics reported. Brazil's economy grew at a record annualized pace of 10.4% in the first four months of 1995. By the second trimester, growth had slowed to 3.8%, and by the last four months, it had slowed to 1.3%, the institute said. Business at civil construction companies increased just 0.3%.

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