MercoPress. South Atlantic News Agency
Brazil on the ledge of recession as activity drops sharply in June
Economic activity in Brazil dropped sharply in June as the World Cup football tournament shut down shops and factories across the country, adding to signs Latin America's largest economy slipped into recession. Read full article
Comments
Disclaimer & comment rulesYup. The Merco block is going to dominate the western hemisphere. How is that Marxism workin out for you? Have you seen the favellas in the U.S.? Oh, wait. There is nothing even remotely like that north of Mexico!
Aug 16th, 2014 - 12:10 pm - Link - Report abuse 0Fully expected this, bit of an irrelevance really.
Aug 16th, 2014 - 04:38 pm - Link - Report abuse 0What about July and August though? We’ll have to wait and see!
Is this Avatar part two “”
Aug 16th, 2014 - 06:38 pm - Link - Report abuse 0Nothing new. Things shut down for all holidays here as they always have.
Aug 16th, 2014 - 08:00 pm - Link - Report abuse 0Why for a month + would the Copa or the Olympics be any different ?
Another knee-jerk article reaction.
This is new and relevant.
Aug 16th, 2014 - 08:59 pm - Link - Report abuse 0This drop is greater than the corresponding month last year according to the article. And the fact that economic activity dropped when you had a surge in construction, exports (inbound tourism) and consumption leading up to the World Cup means that the economy is even worse than many analysts forecast.
The Brazilian economy is even worse shape than many have estimated. A full fledged recession is in stark contrast to the western seaboard of South America where countries like Colombia are close to 7% growth.
Doom and gloom, doom and gloom.
Aug 16th, 2014 - 09:05 pm - Link - Report abuse 0We've heard it all before, repeatedly, since 2008.
There's a different between hearing it and living it.
Aug 17th, 2014 - 08:34 am - Link - Report abuse 0Brazil in 2008 was a very different country to what it is now with 6-7% growth. And then after a short and sharp recession it climbed back to 9.3% but has been trending down since then.
If it wasn't for the World Cup then Brazil would have been in recession again. The increase in construction and consumption is the only thing that has kept the economy from contracting. And what tools does the government have to inflate the economy? Inflation is still quite high and government debt isn't that low for a developing country so there are few levers available.
Europe flat lining and in recession...again!
Aug 17th, 2014 - 10:44 am - Link - Report abuse 0And we were all told that Brazil was on the up and that Britain was finished.
How many times will history teach the world never to underestimate us.
http://www.telegraph.co.uk/finance/economics/11036043/Top-of-the-world-UK-economy-winning-global-growth-race.html
No problem. And Let's move on!
Aug 17th, 2014 - 03:18 pm - Link - Report abuse 0Haha. Exactly!
Aug 17th, 2014 - 04:48 pm - Link - Report abuse 0Nothing to see. No problem. Let's just keep going as we are.
No need to change. No need to reform. No need to fix anything.
And that is the reason that Brazil is still a developing country. It just refuses to believe that it should improve the system when it stops working effectively.
Enjoy your recession Brasileiro. Because my country has had more impressive and higher growth than yours for a couple of years now.
What is your country? England? Scotland?
Aug 17th, 2014 - 05:00 pm - Link - Report abuse 0https://www.youtube.com/watch?v=B7F71KXq-1M
For the hundredth time.
Aug 17th, 2014 - 05:50 pm - Link - Report abuse 0Australia.
I sure wish all the people that use your login would at least update each other instead of surfing YouTube.
Oz Anglotino-
Aug 17th, 2014 - 06:24 pm - Link - Report abuse 0Thank you for your observations and opinions about Brasil.
I am here and “ living it,” along with a few others, and this article does not reflect the reality we see and experience here.
Unlike our Southern neighbor, factories are not shutting down, with politicians bleating daily into the wind how they have been victimized, while pockets and bank accounts are flush with dollars.
If and when you ever travel to Brasil, which is expensive even for us at the moment, please travel here around one of our holidays. You will then see what I mean. The article in question is blather, arrived at apparently by counting fingers, and then making the wrong assumption.
The coming election will be interesting, as will the next Olympics.
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