Brazil Car Demand

In: Business and Management

Submitted By surbhi1
Words 4878
Pages 20
Group Assignment – Macro-Economics | Assignment Cover Sheet Details | Name(s) | Saumil PabariSurbhi SardanaSonali Rawal | Roll No.(s) | GDEC12IBWM062GDEC12IBWM065GDEC12CMM30 | Email Address(s) | | Course | MacroEconomics | Faculty | Prof. Dave Barrows | Assignment | Group Assignment | Due Date | 26 March 2013 | Date Submitted | 26 March 2013 | Submitted by | Surbhi Sardana | | |

Executive Summary
Brazil is the 5th largest country in the world, with an area of 8.515 km2, and a population of over 200 million. Brazil is a country with large natural resources and a large labor pool. It has managed to exploit these to become South America's leading economic power and regional leader, and one of the first in the area to begin an economic recovery. Highly unequal income distribution and crime remain pressing problems. Over 25% of population is still below the poverty limit. Brazil has its work cut out for itself where it has to be all set to host both the 2014 World Soccer Cup and the 2016 Olympic Games (Focus2move website).
We begin this report by providing a summary of the economic activities taking place in Brazil that are likely to affect the future. Then, the report is divided into three parts; the first highlighting the macro-economic factors that will help forecast the future demand for passenger automobiles in the local market, the second highlighting the macro-economic factors that will help forecast the future demand for export of passenger automobiles and the final part highlighting the macro-economic factors that help forecast the future demand for import of passenger automobiles.
Brazil was not immune to the global financial crisis of 2008-2009, as its real GDP decreased slightly by 0.3% in 2009. However, the economy quickly recovered in 2010 and 2011, with…...

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