Brazil Dodges Credit Bubble

Supercharged credit growth had economists worried about Brazil's near-term prospects, but new numbers show a slow-down

Fears of a credit bubble in Brazil have been receding recently and figures published on Thursday give further reason to breath easy.

Serasa Experian, a credit analysis company, said its consumer credit outlook index fell to 98.6 in June, its third contraction in a row. That, says the company, means the volume of consumer credit in Brazil will continue to rise only slowly during the second half of this year.