MercoPress. South Atlantic News Agency
IMF anticipates a more gradual recovery of the Brazilian economy than forecasted
International Monetary Fund's executive board said on Tuesday that the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new government's efforts to avoid a fiscal crisis they expected a gradual recovery in Latin America's top economy. Read full article
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Disclaimer & comment rulesWith 12 million unemployed, 30 million living on handouts, it's not surprising that consumption is not taking off. And am surpised to see the IMF recommending tax increases...at this point, it would just penalize the population further, and prolong the recession.
Nov 16th, 2016 - 09:33 pm - Link - Report abuse 0In the political jargon; “More Gradual Recovery” = “Hardly Any [NO] Progress”!
Nov 17th, 2016 - 09:57 am - Link - Report abuse 0How can there be, when the Special Powers / Benefits / Considerations / Protection - Constitutionally, by Law and by “Human Rights” - are enjoyed ONLY by the politicians & criminals?
Just a FEW examples:
- Apart from the fat salaries, the compensations, immunities, bribes, etc. to the politicians are already WELL known.
- Each criminal behind bars costs around US$ 1'000 / Month to the taxpayers.
- If the criminal has offsprings; the taxpayers pay additional about US$ 300 per offspring per month.
- This is beside the MANY other “Privileges and Rights” which the criminals enjoy [intimate visits, use of mobiles in cells, protection by the Human Rights Group, etc, etc, etc.]
It is worthwhile to note that the unfortunate victims have NO rights, NO benefits, NO assistance!
In short; CRIME PAYS! :o))
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