Brazil announced Thursday it has become the world’s seventh economy after having expanded 7.5% in 2010, the strongest in 24 years. Brazil’s GDP now stands at 2.1 trillion US dollars with a per capita income of 11.185 USD.
Brazil grew at its fastest pace in 24 years in 2010, expanding 7.5% on strong consumer demand but other complementary data also showed the economy is feeling the strains of overheating.
President Dilma Rousseff praised Brazilian women on a popular television program for having helped her “open the path for all young girls who dream of becoming president” and reiterated her administration’s commitment to combat poverty which has the face of ‘women and children’.
Brazilian executive-jet maker Embraer boosted by domestic demand, became in 2010 the number one world company in sales totalling 145 units and 19% of the global market.
TAM, Brazil's largest airline has ordered 34 aircraft to renew its fleet as it expands operations in its home market and overseas. The operation involves 3.2 billion US dollars and includes 32 A320 Airbus (156/174 seats) and two Boeing 777-300ERS (365 seats).
The Brazilian government has “no money to buy jet fighters” in 2011 confirmed Finance minister Guido Mantega in reference to the tender for the purchase of at least 36 modern aircraft and for which France, United States and Sweden are competing.
Contrary to expectations even when black and brown make up 52% of the 190 million Brazilians, --according to the latest census--, their genetic ancestry is more predominantly European than African or Indio-American.
Brazil's general price index, or IGP-M, rose 1% month-on-month in February, compared to 0.79% rise in January, the Getulio Vargas Foundation said Friday. Economists' had forecast the index to rise 1.01%.
A Brazilian judge has blocked plans to build a huge hydro-electric dam in the Amazon rainforest because of environmental concerns. Federal judge Ronaldo Desterro said environmental requirements to build the Belo Monte dam had not been met.
Latin America's biggest company, Brazilian state-managed oil giant Petrobras, on Friday said it raked in a record net profit last year of 20 billion US dollars. That figure for 2010 was 17% higher than its profit for 2009 company executives told a news conference in Rio de Janeiro.