S&P cuts Brazil credit rating outlook to negative because of sluggish growth

Friday, June 7th 2013 - 05:43 UTC

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Brazil’s credit rating outlook was cut to negative by Standard & Poor’s saying sluggish economic growth and an expansionary fiscal policy could lead to higher government debt levels. Reacting to the announcement a spokesperson from the Finance ministry said “there is no change in economic policy and the environment is conducive to investment”. Read full article

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yankeeboy
Dilma is making all the wrong economic moves.

Who would have guessed a Communist Guerilla couldn't run a country well?

As I said if she doesn't quickly change course they're back to the 70s with Stagflation and a falling currency.
Jun 07th, 2013 - 12:56 pm - Link - Report abuse 0
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ChrisR
I have been saying the same thing for a very long time now that the reason there are mixed messages is quite simple: there is NO policy and the Finance Ministry is run by a liar who not only misleads the international investment community he can't see the wood for the trees.

Dilma seems to be burying her head in these 'alternative economics' whatever they are but they are certainly not working, so when you are in a hole you cannot see out of, stop digging.
Jun 07th, 2013 - 01:52 pm - Link - Report abuse 0
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Brasileiro
No problem. Brazil in 2012 was very bad and the pseud-agencies no discovery. Now, al have your time. The time from consumer, buy, bye. Ours companies is much Strong now. The snake is a giant now! 73% from our exterior commerce is with the South-South relations. If Brazil lose all trade with north, the our GDP have -0,80%. Graet Britain, Austrália Canadá, dont have anyone importance to us. USA and South África, yes!
Jun 07th, 2013 - 09:55 pm - Link - Report abuse 0
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yankeeboy
3. I hate to break it to you but unless Dilma gets her act in gear very quickly 2013 is going to look like a good year compared to 2014.

Brazil has made some critical errors in their economy

I am not sure Dilma is smart enough or believes enough in the free market to get this turned around in time to avoid a deep recession.

My bet is she'll devalue, inflation will spike and you're back to the 70s before you know it.

If she was smart she'd to a FTA with the USA and stop stealing our drug patents.
I don't think she is smart though.
So good luck.
I hope you socked enough away during the last few years to make it through the next few.
Jun 08th, 2013 - 01:55 am - Link - Report abuse 0
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