ETCO and FGV announce new Underground Economy Index July / 2010

By ETCO

Source: ETCO, FGV - 21/07/2010

The Brazilian Institute of Ethics in Competition (ETCO) and the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre / FGV) launched on July 21, 2010, the new Underground Economy Index. With the inclusion of a new methodology, it was possible, for the first time, to know the size of the underground economy: R $ 578 billion in 2009, which corresponds to 18,4% of the Brazilian GDP.


 


On the occasion, were present: André Franco Montoro Filho, ETCO's executive president; Marcílio Marques Moreira, president of the ETCO Advisory Council; Luiz Guilherme Schymura, director of Ibre; Fernando de Holanda Barbosa Filho, Ibre researcher, who will lead the presentation on the new methodology of the Index and results obtained.


 






 


 


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