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(608) 267-4417

Central Building Location:
201 W. Washington Ave.
Madison, WI 53703
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Mailing Address:
P.O. Box 7970
Madison, WI 53707-7970

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Scott Walker
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IMPORTANT: As of July 1st, 2011, functions once performed by the Wisconsin Department of Commerce have been moved to other state agencies and the Wisconsin Economic Development Corporation. The former Commerce web site will continue to exist for the next several months as resources are moved to new web site locations. We will make every attempt possible to direct our users to the new locations as web resources are moved.

Bureau of Export Development
PO Box 7970
Madison, WI 53707-7970
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Vol. 9 #1, September 2009

Brazil’s Economy Growing
Brazilian FlagBrazil's central bank president, Henrique Meirelles, was quoted in the Wall Street Journal on September 11, 2009, as saying that Brazil’s economy would likely show positive growth in its gross domestic product in 2009.  "The result of GDP growth in the second quarter is without doubt excellent news," Meirelles said.  "It shows that Brazil has already come out of a recession."  The second-quarter growth ended a technical recession brought by shrinking GDP over the previous two quarters.

Brazil's gross domestic product expanded 1.9% in the second quarter compared with the first quarter this year, according to a central bank report issued on September 11.  That was higher than the 1.64% advance estimated by 18 economists in a Dow Jones Newswires survey.  Earlier in the day, Brazilian Finance Minister Guido Mantega forecast that Brazil's economy would post growth of 1% in 2009 and 4.5% in 2010.