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Brazil in recession; Minister Mantega blames external factors and World Cup

Saturday, August 30th 2014 - 10:53 UTC
Full article 22 comments

Brazil has fallen into recession, further weakening President Dilma Rousseff, just weeks before voting in what will be a tough re-election battle. Brazil's national statistics institute said Friday GDP shrank 0.6% in the second quarter and revised an initially positive first quarter growth estimate down to -0.2 percent. Read full article


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  • ChrisR

    Well, I told you this would happen when you fucked Mr. Market.

    Now Mr. Market is about to fuck you and well deserved it is.

    Dumb Ass Dilma should have canned The Liar Mantega when she had the chance; she didn't, so she will get chucked out with the rest of the thieving politicos'.

    Mr. Market ALWAYS gets his revenge on all those who mistreat him. These people are dumb.

    Aug 30th, 2014 - 11:36 am - Link - Report abuse 0
  • ilsen

    I thought we were told previously by Dilma & Co. that the World Cup would be the salve for everything that ails Brazil? That it would usher in a new Age of Prosperity and prove finally, once and for all, that Brazil is a First World nation that deserves a seat at the top-table?
    If, going by the latest leftie 'logic' that the World Cup is part of the cause of recession, then what the hell is the Olympics going to do to them?

    Will they have an afternoon off everytime a Brazilian throws a shot-put or a javelin? How many 'heats' and semi-finals etc are there for each discipline in total that might feature a Brazilian?

    Will they learn from this?
    Is in Dilma in for the High-Jump?
    Will the economy make it over the Hurdles?

    One thing for sure, you can expect the Chinese to be taking home some Gold from Brasil in the near future....

    Aug 30th, 2014 - 11:42 am - Link - Report abuse 0
  • Anglotino

    “...what once was a fast-growing regional powerhouse.”

    Another boom squandered.

    With Brazil's population about to peak in the next two decades, the chance to reach developed country status may have been missed for this century.

    Aug 30th, 2014 - 11:57 am - Link - Report abuse 0
  • Brasileiro

    It's our fault! We were not able!

    Aug 30th, 2014 - 01:49 pm - Link - Report abuse 0
  • golfcronie

    Correct, you are not able.

    Aug 30th, 2014 - 02:08 pm - Link - Report abuse 0
  • ilsen

    Not able to do what exactly, Brasso?
    Or did you mean not capable?

    Perhaps your master took off your gimp mask a little prematurely today?

    Aug 30th, 2014 - 02:10 pm - Link - Report abuse 0
  • Brasileiro

    I am Brazilian, not political. The Brazil decreased by two quarters. We need to change the way we see the world, reforming institutions and values​​.
    If we continue to do things the same way we do the results will be equal to these.

    Change is a difficult thing to do. But we can not continue living in a house with gutters.

    Aug 30th, 2014 - 02:31 pm - Link - Report abuse 0
  • ilsen

    Yup, definately a bit premature with the gimp-mask removal today. Pop him back in his cage until you are ready to try again with the last sentence.

    Aug 30th, 2014 - 02:49 pm - Link - Report abuse 0
  • ChrisR

    PULP FICTION! Love it.

    Reservoir Dogs: got the special 'Petrol Can' packaging!

    I know, I should get out more.

    Aug 30th, 2014 - 04:25 pm - Link - Report abuse 0
  • Conqueror

    @4, 7. Perhaps you could LEARN from elsewhere. July 24, 2014 and the IMF forecasts that the UK will be the fastest growing advanced economy in 2014. So much for celebrating that Brazil temporarily stood higher than the UK. Thing is that WE know how to sustain our economic performance. Brazil is NOT an “advanced economy”. Learn to be humble.

    Aug 30th, 2014 - 04:29 pm - Link - Report abuse 0
  • ilsen

    @9 ChrisR

    haha! sorry, but that is how I visulise the grammatically inept, linguistically-challenged Brasilieros.... with a more able master rapist in control of them.
    In reference, to the movie, (an all-time favourite), we know it didn't end to well..
    “Whose motorcycle is this?”
    “It's a chopper, baby”
    “well, whose chopper is it?”
    “huh, ok, who's Zed?”
    “Zed's dead baby, Zed dead...”


    Also, just wee bit jealous of the “Reservoir Dogs: got the special 'Petrol Can' packaging”........

    Aug 30th, 2014 - 05:16 pm - Link - Report abuse 0
  • ChrisR

    @ 11 ilsen

    Tarantino: I just love his films.

    Managed to get Django Sin Cadenas (fortunately also in English). I just love the scene where Jamie Foxx is in a beautiful, made to measure silk outfit with white lace cuffs and all the trimmings and the young female slave says in a gorgeous ‘southern drawl’ (in answer to him confirming he is a free man) “and you choose to dress like that”?

    And the giant molar mounted on a coil spring on top of the horse drawn “Dentist” van.

    You can always watch his films and get little bits out of them that you have never appreciated before.

    Aug 30th, 2014 - 06:25 pm - Link - Report abuse 0
  • ilsen

    @12 ChrisR
    “You can always watch his films and get little bits out of them that you have never appreciated before.”

    I completely agree. Very true.
    I love the 'hunni-bunni / pumpkin' relationship in Pulp Fiction and the 'why do I get to be Mr. Pink?' short convo in Res. Dogs. Amongst many other lines. Don't forget the 'foot massage' debate, “Dead Nigga Storage” and Royale with Cheese in PF, too many classics too mention.

    Also, Jackie Brown is a lot deeper and more soulful than it appears on first viewing. Always worth a re-visit I find.

    Aug 30th, 2014 - 08:19 pm - Link - Report abuse 0
  • ChrisR

    @ 13 ilsen
    “Also, Jackie Brown is a lot deeper and more soulful than it appears on first viewing. Always worth a re-visit I find.”

    I have been looking for Jackie Brown ever since I arrived in Uruguay, my original DVD was 'borrowed' by a relative and never got to me in time to go into the container!


    Aug 30th, 2014 - 09:38 pm - Link - Report abuse 0
  • ilsen

    @14 ChrisR

    I am sure a man of your capabilities can find a way to download it from the internet? Although it is always nice to have a pristine original on the shelf!
    Love the soundtrack, as with all Tarantino movies. He has incredible attention to detail.

    I often want to send a few small gifts to Vnzla but the Post Office is in a state of collapse, (a letter from there to the UK now takes 6 weeks), and the cost of a private courier is prohibitive. Does Amazon reach as far as your location?

    Hopefully it is better in Uruguay?

    Aug 30th, 2014 - 10:11 pm - Link - Report abuse 0
  • ChrisR

    @ 15 ilsen

    According to ‘No Money Pepe’ the citizens are supposed to have a new programme whereby we can order U$D 1,000 per year of goods from the ‘tinternet without customs charges. Mmmm, sounds good.

    The reality is a little different. Amazon does indeed reach our location: almost. They use DHL who deliver to the MVD customs and don’t bother to tell you. They do not deliver to our casa anyway, they use Tiempost couriers who are very good indeed as long as they are given the correct instructions (fair enough) something that Drop it Hide it and Lose it are useless at.

    I bought my wife a top of the range Kindle from Amazon America (it was only U$D 164 inc. the Belkin case) but this is what we had from DHL to remove it from Customs and deliver it to our house:

    (DHL) Our costs are the following ones:

    Honoraries: $3904 = USD 195
    Duties: $3140 = USD 157
    Storage Costs: $200 = USD 10 (for the three weeks they kept it without telling me)
    GT: $950 = USD 47

    Tota(l) amount: $8194 = USD 409

    So a present for my wife ended up at U$D 573!

    Uruguay had a post service (Correo) which didn’t if you get the drift: even the Embassy in London used DHL. I think somebody must have retired in Correo and it received some backing from the government and relaunched itself and it’s great. My wife has a number of magazines sent from the UK (I was dreading the fallout if they didn’t arrive) and they arrive in batches of two week intervals! But that’s OK.

    Any goods however would have to go through customs: so that’s screwed that.

    Aug 31st, 2014 - 04:57 pm - Link - Report abuse 0
  • golfcronie

    Pardon my ignorance but what is “Honoraries”?

    Aug 31st, 2014 - 06:54 pm - Link - Report abuse 0
  • Britworker

    It is unfortunate for Brazil but it's fortunes appear to be tied with Argentina.

    Aug 31st, 2014 - 08:27 pm - Link - Report abuse 0
  • ChrisR

    @ 17 golfcronie
    “Pardon my ignorance but what is “Honoraries”?

    I suspect (but don’t know for certain) they are the bribes paid to the Aduanas (customs) to get off their lazy arses and process my item. Don’t overlook that the kick-backs go from the actual officer all the way up to the Admiral in charge of the Nation’s finest crooks.

    These characters are part of the 600,000 government ‘workers’ (government number so probably many more in reality) that have to survive on low wages and are still taxed at 40% to pay for ‘No Money Pepe’s’ “Social” programme where he gives the poor, aka lazy sods, money to stop at home and watch their new LED TV courtesy of the 40% tax band.

    But of course we, the private citizens, have to pay for ALL the government numb-nuts; they get 40% stolen off them anyway. The reality is of course that Uruguay is screwed by the politicos of the old murdering, cowardly Tupas.

    Such a pity, lovely country.

    Aug 31st, 2014 - 09:28 pm - Link - Report abuse 0
  • golfcronie

    Thanks for the heads up, do most South American countries have the same sort of Honoraries? How can people live like that and do nothing about it?

    Aug 31st, 2014 - 10:43 pm - Link - Report abuse 0
  • Don Alberto

    “Brazil in recession; Minister Mantega blames external factors and World Cup”

    Argentine guy?

    It's everybody else's fault! they forced us to arrange the World Cup totally against our will and only 16 billion reais disappeared into different pockets.

    Aug 31st, 2014 - 11:10 pm - Link - Report abuse 0
  • ChrisR

    @ 20 golfcronie

    I can only answer for Uruguay, but my friends tell me that the latest lot: the murdering, cowardly Tupas, came with a claim they would not be corrupt. Liars, the lot of them.

    As I see it the people are screwed. The Broad Fraud (The Broad Front) is nothing more than a collection of whackos in tiny ‘parties’ who never before had a chance to get into power, hence the White and the Red parties who ran the place for decades.

    By coming together these nut jobs formed a government of sorts but the political manoeuvring takes up more time than governing the country does by the look of it because members of all these parties have to have a piece of the action. There is some thought in the press that there may be an upset this time round with the presidency, I hope there is but I await the outcome of the election before being concerned about that.

    The self-importance factor is amazing, not only do we have a Defence Minister there is also a Deputy Defence Minister (another argie rent boy) and there is no army, navy or air force to speak of!

    But the killer is this: the whole nation, including the dead headed Tupas is only 3,286,314 (2011 census) men, women and children (inc. the wife and me) in the ENTIRE COUNTRY: one third of the population of Greater London. This bunch makes Ken Livingston look almost normal.

    Sep 01st, 2014 - 12:38 pm - Link - Report abuse 0

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