MercoPress. South Atlantic News Agency
Economic activity in Brazil plunges 4.47% in the last twelve months to August
Economic activity in Brazil fell for a third straight month in August, Central Bank data showed, adding to evidence of a steeper-than-expected recession in the country. The figures were unveiled on the same day the government dismissed rumors over the resignation of Finance Minister Joaquim Levy. Read full article
Comments
Disclaimer & comment rulesLula and Dilma always took credit for the economic growth of the country, for the “millions taken out of poverty”, for the low inflation, for the strong currency. Now none wants to take the blame for the current situation of high unemployment, high inflation and negative growth.
Oct 19th, 2015 - 09:59 am - Link - Report abuse 0Going down, down, down. Corruption and criminality everywhere. In business, in government, on the streets. And this is a country that thinks it's deserving on a permanent seat on the UN Security Council? It's only deserving of a permanent seat in a toilet. Note the “balanced” views of Brasiliero.
Oct 19th, 2015 - 10:08 am - Link - Report abuse 0My Brasshole impressive:
Oct 19th, 2015 - 05:52 pm - Link - Report abuse 0We are finally on our way to achieving exactly what we want, freedom from the white slave masters. The proof of independence shows in the ever worsening economy and alignment with other dictorial counties that are also in decline, China, Russia, Syria, Iran.....and let's not discount North Korea.
******************************************************************
ANd in the news:
http://seekingalpha.com/article/3581176-brazils-currency-plummets-on-reports-of-joaquim-levys-resignation
3% this morning alone.
http://seekingalpha.com/article/3581176-brazils-currency-plummets-on-reports-of-joaquim-levys-resignation
http://seekingalpha.com/article/3581176-brazils-currency-plummets-on-reports-of-joaquim-levys-resignation
http://seekingalpha.com/article/3581176-brazils-currency-plummets-on-reports-of-joaquim-levys-resignation
COme on Tobi, we're waiting for some Brasshole entertainment!!!
I would think these newly-formed middle-class voters that Dilma and Lula supposedly have made in the past 12 years, would be getting tired of all this economic contraction. Purchasing power is down, credit is tightening and becoming more expensive, and anyone with any kinds of savings are seeing it all evaporate. Se Deus quiser, they'll know how to get themselves out of this nightmare by 2018 or earlier...
Oct 20th, 2015 - 12:33 am - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!