Brazilian economy worst performance in three years; in 2012 growth was 0.9%

Saturday, March 2nd 2013 - 08:12 UTC

Full article 9 comments

The Brazilian economy grew a mere 0.9% in 2012 despite government stimulus measures, its worst performance in three years, official statistics showed Friday. But prospects for the coming years are considered encouraging given the international events to be hosted by Brazil and the electoral calendar. Read full article

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olibeira
Let me bet.

If this thread was about Argentina's economy it would be filled with the usual CFK bashers.
Mar 02nd, 2013 - 09:46 pm - Link - Report abuse 0
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The Chilean perspective
Brazil is sick, and even after a massive stimulus by the gov it did nothing to revive economic activity. There is no real prospect of recovery if they maintain the current economic status quo. Protectionist, statist and irrational economic policies will doom this gem of a country to flat line economically. Brazil holds so much promise, it has everything to make it a world power except decent management. The longer they wait to restructure their economy the bigger the pain will be from the recession that is bound to result from it. The precedent is there as it's happened before elsewhere, first you must break it before you fix it.
Mar 02nd, 2013 - 11:35 pm - Link - Report abuse 0
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Ayayay
Spain is Brazil's biggest investor, and that bird flew.
Mar 02nd, 2013 - 11:56 pm - Link - Report abuse 0
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God.Is.An.Illusion
Let's start cut those ABSURD salaries of the Government officials.
Change the law that allows these people to give themselves an increase.
I propose a sliding scale throughout the country:
Mar 03rd, 2013 - 12:54 am - Link - Report abuse 0
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Carlson
Brazilian government is enormous. Illiterate rates are the highest in South America. Two big monsters that don't help any country to grow.
Mar 03rd, 2013 - 03:05 am - Link - Report abuse 0
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_INTROLLREGNVM_
Europe and the USA would concoct a war and kill thousands of women and children just to push up their growth rate to (for them) an envious 0.9%.

Oh wait...
Mar 04th, 2013 - 05:03 am - Link - Report abuse 0
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yankeeboy
They need to educate and make the population work. There are too many dumb poor people for this large of country to have sustained growth.

I have a feeling Dilma has no idea how to run an economy. No idea at all.

They'll never be able to shed the 3rd world label without fixing the extreme poverty, laziness and uneducated population first.
Mar 04th, 2013 - 03:14 pm - Link - Report abuse 0
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God.Is.An.Illusion
As long as the Government officials are only there to enrich themselves, nothing will happen.
Take 80% of their salary away, and the undeserved job-for-life benefits, and they'll all voluntarily resign.
There are enough younger, motivated and educated people that can represent the population more adequately. And who would be happy with 20% of the absurd salaries the current cronies pocket.
Mar 05th, 2013 - 12:15 am - Link - Report abuse 0
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Escoses Doido
@1;
Brasil isn't trying to steal the Falkland Islands, so no, you won't see many KFC bashers on here.
Mar 06th, 2013 - 07:31 am - Link - Report abuse 0
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