MercoPress. South Atlantic News Agency
Brazilian economy on path to biggest contraction since 1990, says central bank survey
Financial experts expect Brazil's economy to shrink 0.83% in 2015, its biggest contraction since 1990, and inflation to climb to 8.12%, its highest level since 2003, according to the results of a Central Bank survey released on Monday. Read full article
Comments
Disclaimer & comment rulesOh to have that presidential election again.....
Mar 24th, 2015 - 09:31 am - Link - Report abuse 0Hmm, Who posted on this board over the last 2 years that Brazil was heading back to the 90s?
Mar 24th, 2015 - 10:03 am - Link - Report abuse 0Who was it again?
Hmm
I can't seem to remember.
Yeah so I'll say it...Told ya.
Dilma has done an excellent job. She has fought against corruption and invested in infrastructure in Brazil. She has improved public services and decreased the housing deficit in Brazil. She has developed a shipbuilding industry which is already one of the world's largest and strengthened the defense industry in Brazil. She has policies that helped create and sustain millions of jobs in the country and strengthened the worker's income (the minimum wage has never been so high). She has supported and developed the Bank of BRICS, the Reserve Fund of the BRICS, rating agency BRICS and military pact of the BRICS.
Mar 24th, 2015 - 10:39 am - Link - Report abuse 0There are two things she could do to improve:
1) cut trade and diplomatic relations with the United States;
2) remove the Brazil of multilateral organizations dominated by the West, as the IMF, UN, World Bank.
LULA2018
https://www.youtube.com/watch?v=NiLPP4RWbzs
Selic at probably 13%. U$D 12.51 Bn in the red BEFORE interest payments!
Mar 24th, 2015 - 10:51 am - Link - Report abuse 0And how much did LULA and co. rob from the economy via Petrobras? Only the crook himself may know that.
A lost 25 years then that only numbnuts such as Brasso are impressed with.
Morte de Lula em 2015!
4. Its people like numbnuts @3 that will not allow Brazil to ever become part of the 1st work.
Mar 24th, 2015 - 03:09 pm - Link - Report abuse 0It is chock full of uneducated slumdwellers that are like crabs in a bucket.
“The president has attributed Brazil's problems to the global financial crisis that erupted in 2008 and said blah-blah-blah...”
Mar 24th, 2015 - 06:49 pm - Link - Report abuse 0Funny, during her first term she claimed Brazil had hardly been affected by the 2008 crisis, and in fact was doing just fine. Just before the 2014 October election, she again claimed everything was under control. NOW, she comes along, with this sob story of the 2008 crisis again.....In Lula's second term, and in her first, the PT used to blame President FHC for everything that went wrong...and claim credit for what FHC had done right...now that the FHC excuse has whiskers on it, they need to find something more recent to blame their incompetence on....for how long will they use the 2008 crisis ???
Despite proof, not evidence, that Dilma and the PT are the cause of Brazil's current crisis, there are idiots who still defend her, tooth and nail . Clearly these twats don’t know that Brazil's shipbuilding industry is in serious trouble - stagnated in the 90’s, started being revitalized in the 2000’s but the boom forecasted in view of the sub-salt discoveries, has all but halted due to the PB insolvency ; today it’s probably ranked 5th or 6th in the world ; Talking of the shipbuilding industry, and of PB, a good example of PT incompetence and corruption is Lula’s order of the ship “João Candido”, a US$ 360 million oil-tanker ; the ship was so badly constructed, it cannot leave port for fear of sinking ; It could have been built in Korea for a third of the price; a US$ 360 million fiasco which the PT prefers to ignore, along with other examples of similar problems in several infrastructure projects.
The BRIC development bank may be a good thing but still has to become a reality....and it probably will become necessary - for Brazil, at least - once the next big scandal, just waiting to happen, involving the BNDES, explodes. It will likely dwarf the PB corruption scheme....and all these scand
Its time for austerity and culling im afraid,
Mar 25th, 2015 - 11:20 am - Link - Report abuse 0drastic cutbacks on defence , health , infrastructure , public transport , ministerial departments ,
but you may keep overseas aid,?????
we did it.....
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