NPE ’12: Brazil government to ease credit restrictions - source

04 April 2012 04:28  [Source: ICIS news]

ORLANDO, Florida (ICIS)--The Brazilian government is attempting to ease credit restrictions in order to boost a slowing national economy, a participant in the Brazilian polyethylene terephthalate (PET) market said on Tuesday.

Tight credit and high interest rates are slowing activity in the PET segment, as well as most of the industry in Brazil, and the government is now taking action to reactivate the economy, the source said on the sidelines of the National Plastics Exposition (NPE) at Orlando.

Industry participants had expected a rebound after the seasonal year-end slowdown and the Carnival holidays that ended in late February.

However, the source said that the expected pickup in the economy has not occurred, and the Brazilian government is now implementing policies to improve business activity.

The four-day NPE is sponsored by the Society of the Plastics Industry (SPI) and ends on 5 April.

By: Ron Coifman
+1 713 525 2653

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