AkzoNobel Targets
Brazilian Demand
Brazilian economy booms on middle class growth.
by Charles W. Thurston, Contributing Writer
Brazil has beaten global odds with its strong economic ex- pansion over the last several years, expanding its middle class rapidly. With it, an unprecedented wave of con-
sumer demand is bolstering architectural, automotive and in-
dustrial coatings segments. Following a 7. 5 percent increase in
gross domestic production in 2010, Brazil’s economy grew
only 2.7 percent in 2011. Predictions for GDP expansion are
3. 3 percent this year and 4. 15 percent next year, according to
a Central Bank survey.
www.coatingsworld.com
Coatings World | 87
