Brazilian economy on course to a modest growth (2%) next year

Tuesday, August 8th 2017 - 20:00 UTC

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Brazilian Central Bank President Ilan Goldfajn said that Latin America's largest economy remains weak though it is on course to show modest growth next year. In an interview with a São Paulo radio station, he said Brazil may achieve growth of 2% in 2018 if the economy continues expanding at its current pace. Read full article

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:o))
REF: ”Brazilian economy on course to a modest growth (2%) next year“: Is THIS, a joke or a ”fake news”?
Aug 09th, 2017 - 10:37 am - Link - Report abuse 0
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Jack Bauer
“In an interview with a São Paulo radio station, he said Brazil may achieve growth of 2% in 2018 if the economy continues expanding at its current pace.”

The key words, “MAY” achieve....“IF” the economy....too many ' ifs & ands'.....but no harm in hoping.

Regarding the SELIC rate, despite a 34 % reduction over the last year, interest rates to the common man remain as high as ever......
Aug 09th, 2017 - 05:23 pm - Link - Report abuse 0
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:o))
Hi, Jack! Pl. read as follows:
“In an interview with a São Paulo radio station, he said Brazil WILL achieve growth of 2% in 2018 WHEN the politicians:
- accept lower salaries & fewer benefits,
- give up the protection of the special privileges, etc.
- ban the corrupt = companies, politicians & political-paries,
- reduce the number of political parties,
- stop milking the country, and
- return their illegal gains to the population”
REF:
https://www.humorpolitico.com.br/wp-content/uploads/2017/08/2018.jpg
DIFFICULT or IMPOSSIBLE???
Aug 10th, 2017 - 08:22 am - Link - Report abuse 0
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Jack Bauer
@:o))
knowing our politicians, IMPOSSIBLE.
Aug 10th, 2017 - 06:29 pm - Link - Report abuse 0
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:o))
Hi, Jack!
At the risk of sounding “prophetic” [already said so - Brazil being a “POTENTIAL Venezuela”]:
REF: Will Brazil be the next Venezuela?:
http://www.aljazeera.com/indepth/opinion/2017/08/brazil-venezuela-170809062345175.html
Aug 10th, 2017 - 07:59 pm - Link - Report abuse 0
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Jack Bauer
@:o))
I don't believe Brazil will become another VZ, and if the other way round, VZ is to follow Brazil's steps, don't think it'll happen any time soon. Despite the similarities in the economy, that of depending on the export of commodities, the similarities end there...Vz has always depended on oil, whereas Brazil's industrial base, despite the crisis, is more consolidated. This of course, does not exclude the possibility of Brazil sinking further, while Congress would rather negotiate personal gain than to get the country on track again.
Aug 11th, 2017 - 05:03 pm - Link - Report abuse 0
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:o))
Makes interesting reading: REF: “Venezuela - Leveraging loans to Caracas, Moscow snaps up oil assets”:
https://www.reuters.com/article/us-venezuela-russia-oil-specialreport-idUSKBN1AR14U
China could have played the same game.
Aug 11th, 2017 - 09:13 pm - Link - Report abuse 0
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Jack Bauer
No surprise that Russia is trading with PDVSA, and giving it credit...they've always wanted a foothold in South America ; but unlike China, Russia won't be so complacent if VZ doesn't hold up its end of the bargain....
Aug 12th, 2017 - 11:05 pm - Link - Report abuse 0
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:o))
Hi, Jack!

VZ will agree to ANY clause if Russia permits Maduro to remain in power and continue with the illegal activities in which Russia would rather not involve itself DIRECTLY. Just ONE example:
https://en.wikipedia.org/wiki/Illegal_drug_trade_in_Venezuela
Aug 13th, 2017 - 11:41 am - Link - Report abuse 0
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Jack Bauer
Right. Maduro's VP is the biggest drug dealer in South America....when the drug trade is “legalized” like that, it may well become one of Maduro's largest sources of income...
Aug 13th, 2017 - 02:26 pm - Link - Report abuse 0
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:o))
U hit the RIGHT spot!

All over the world - ALL the countries [WITHOUT exception] -
have been constantly losing the battle against all kinds of drugs. Besides; The Battle PROMOTES - encourages - corruption, crime & violence!

LEGALIZE drugs - Why Not?

Historically, they could not even win the war against booze and will NEVER win it against tobacco either! So why NOT?
Aug 14th, 2017 - 10:52 am - Link - Report abuse 0
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DemonTree
@ :o))
Agreed. The war on drugs has been such a failure, better for governments to have that money than criminals, and use it to mitigate the harm the drugs do. Plus sending people to jail for drug offences is kind of counterproductive to the goal of making them good citizens.
Aug 14th, 2017 - 09:53 pm - Link - Report abuse 0
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:o))
REF: ”Growth (2%) in 2'018”: It's going to be a race:

A: Capacity of the Brazilian Commerce to GENERATE funds
B: Capacity of the politicians to STEAL it
Can the commerce generate funds at a rate faster than the politician's expertise - their rate of stealing it?
Aug 15th, 2017 - 12:56 pm - Link - Report abuse 0
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Jack Bauer
@:o))
A : difficult....at the moment.
B: easy ....all the time.
The more riches the country generates, the more stealing will occur. Law of Brazilian nature.
Aug 15th, 2017 - 07:40 pm - Link - Report abuse 0
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:o))
@JB:
As U said before:“Flies may change but the shit is the SAME”!
REF: https://www.humorpolitico.com.br/wp-content/uploads/2017/08/Buraco.-mais-embaixo-Michel-Temer.jpg
Aug 15th, 2017 - 09:06 pm - Link - Report abuse 0
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