Poor performance of Brazilian economy last year: estimates average 0.98% growth

Thursday, January 3rd 2013 - 00:20 UTC

Full article 8 comments

Economists cut their estimates for economic growth in Brazil to 0.98% this year, a central bank survey showed, highlighting the sharp slowdown of an economy that just a couple of years ago was an emerging market star. Read full article

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Anglotino
It would seem that hubris has caught up with all the BRICS.
Jan 03rd, 2013 - 12:59 am - Link - Report abuse 0
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The Chilean perspective
Closed economies cannot keep up a sustainable growth level for long, they ALWAYS come crushing down under their own weight.
Jan 03rd, 2013 - 04:28 am - Link - Report abuse 0
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Anglotino
Agreed! I always think of a juggler when seeing a closed or heavily regimented economy. When the juggler is juggling 3 balls it looks amazing and skilful. You stand in awe as he then adds a knife and bowling skittle.

The skill it takes to balance and control these objects! However throw in a football, kitchen sink and small puppy and things start dropping.

First it's one or two balls. No big deal, the other objects are so impressive. But the arms get tired and eventually everything comes crashing down. Hopefully the puppy lands on the kitchen sink and not under it.
Jan 03rd, 2013 - 06:19 am - Link - Report abuse 0
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Hepatia
http://en.mercopress.com/2013/01/03/poor-performance-of-brazilian-economy-last-year-estimates-average-0.98-growth#comment202891: It depends what you mean by “long”. There is no doubt that a county can be a “closed economy” (i.e. high tariff) for long enough to be transformed from an economic backwater to the most advanced economic power in the world. This is the history of the US from 1865 to 1913. It is also the present experience of the PRC.

So, when you say “they ALWAYS come crushing down” that's not true, is it.
Jan 03rd, 2013 - 09:52 am - Link - Report abuse 0
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LightThink
at least Brazil is more richer country than USA

..has much more skyscrapers than USA
..has newer cars in the streets than USA
..has lower living costs than USA
..has more beautiful people than USA.
Jan 03rd, 2013 - 06:53 pm - Link - Report abuse 0
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Anglotino
Ummm yeah.... still trying to find reference to the USA in the article.
Jan 03rd, 2013 - 10:05 pm - Link - Report abuse 0
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ProRG_American
So there goes someones pipedream of a Brazilian superpower in “BRIC”. It will soon be replaced by Argentina of course to become ARIC. As it should be.
Jan 03rd, 2013 - 11:05 pm - Link - Report abuse 0
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Anglotino
Haha, yes Argentina definitely belongs with Brazil, Russia, India China and South Africa.

A developing country with economic problems.

Can't believe you think so lowly of the Argentinean economy!
Jan 04th, 2013 - 01:05 am - Link - Report abuse 0
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