Firjan forecasts low growth for Rio industry in second half

23/07/2002 - 16h25

Rio, 24 (Agência Brasil - ABr) - According to the Economic Research Department of the Rio de Janeiro Industrial Federation (Firjan), perspectives for the second half are for low growth due to economic and political uncertainty.

"A complicated domestic situation characterized by high interest rates, repressed credit, financial market volatility and falling wages is now being played out against a background of an international scenario where risk adversion predominates. That means it will be much more difficult for Brazilian companies to raise capital abroad," says Luciana Marques de Sá, head of the Economic Research Department of the Rio de Janeiro Industrial Federation. (AB)