Tag Archives: brazilian economy
Brazil going from bad to worse
The British magazine The Economist criticized again the Brazilian economy. In an article published on Thursday, the magazine said that Brazil’s economy is “disappointing” and that the country “is stuck in the mud.” The magazine also noted that the Brazilian GDP grew only 0.6% in the first quarter of the year, the magazine states that [...]
What 2013 brings to the Brazilian economy
- Increase to the minimum wage in 2013 but nothing close to the ideal The brazilian minimum wage will receive an increase of 9% over the current value and will go to 678 R$ starting on the 1st of January 2013. The value was announced by the president and is somewhat higher than previously anticipated [...]
Brazil’s Boom Has Finally Come To An End – and how this is actually good
RIO DE JANEIRO, Brazil — The sweetheart of many international investment portfolios in recent years, the Brazilian economy had been enjoying a spectacular boom. Fortunes were made on the mushrooming property market. Consumption had soared, with Brazil’s new middle class maxing out their credit cards at malls — just because they could. Business was going [...]
Brazilian interest rates and peculiar situations
From the Economist Robert Shiller of Yale University, an expert on the affairs of the impact of neuroscience in Economics, about something very typical of Brazilian economy, told the newspaper O Estado de Sao Paulo: – How can there be interest rates so high for so long? It’s still on my agenda to understand that. [...]
Brazil’s economy marching to samba beat, according to Rolls Royce president in Brazil
FMEWFGA7EEKF Copied from http://www.bbc.co.uk/news/business-16407585 By Will Smale >>>>> Brazil’s economic future appears to be as impressive as the view from Francisco Itzaina’s high-rise office in downtown Rio de Janeiro. The South American boss of engine-maker Rolls-Royce’s windows provide a panoramic vantage point over the city’s vast Guanabara Bay. With cargo ships, ferries and cruise liners [...]
Brazil is now the worlds 6th largest economy in the world
Commenting on news that Brazil surpassed the United Kingdom and will be at the end of 2011, the sixth largest economy in the world, Brazilian finance minister, Guido Mantega said on Monday that although Brazil grow at rates above developed countries, it will take between 10 and 20 years to achieve a European standard of [...]
