Brazil Ignores the Global Recession
When most countries are still facing economic problems, Brazil has seen their economy only advance. Perhaps all thanks to the leadership of President Luiz Incacio Lula da Silva, or Lula. Back in 2007 the economy experienced growth of 5.4%, and inflation was down to 3.6%.
Talking to investors they say that Brazil has the best economy when being compared to the BRIC nations. These are Brazil, Russia, India and China, and the mortgage problem didn't even affect the people of Brazil.
Not even affected by those mortgages problems that have faced so many other nations in the world. A large amount of homes are owned by the Brazilians, 70% in fact. Though they may not be in the best shape, they still do own them.
The economy was one of President Lula most important task, many may say he let other things go on the wayside, but obviously he is doing a good job. Back in 2006 he won re-election after running away with the victory some 61% to only 39% for his opponent.
Paying off a year early, Brazil showed the world that they could thrive economically when they paid off the IMP, or International Monetary Fund. Not even losing half of the money when the final payment was made from the reserves of the country.
As with any policy there are people who complain about the effects that are felt in many areas. Saying that mostly the higher classes have felt the benefits from the economy. Stating also that education should be focused on, and that the public sector should be streamlined.
Brazil has led producing Mercosur, and a few other organizations, and is also assisting in other Latin nations to accept the United States. Let's hope that everyone starts following the results of the Brazilian government to get out of the economic woes that seem to be facing many countries. - 23223
Talking to investors they say that Brazil has the best economy when being compared to the BRIC nations. These are Brazil, Russia, India and China, and the mortgage problem didn't even affect the people of Brazil.
Not even affected by those mortgages problems that have faced so many other nations in the world. A large amount of homes are owned by the Brazilians, 70% in fact. Though they may not be in the best shape, they still do own them.
The economy was one of President Lula most important task, many may say he let other things go on the wayside, but obviously he is doing a good job. Back in 2006 he won re-election after running away with the victory some 61% to only 39% for his opponent.
Paying off a year early, Brazil showed the world that they could thrive economically when they paid off the IMP, or International Monetary Fund. Not even losing half of the money when the final payment was made from the reserves of the country.
As with any policy there are people who complain about the effects that are felt in many areas. Saying that mostly the higher classes have felt the benefits from the economy. Stating also that education should be focused on, and that the public sector should be streamlined.
Brazil has led producing Mercosur, and a few other organizations, and is also assisting in other Latin nations to accept the United States. Let's hope that everyone starts following the results of the Brazilian government to get out of the economic woes that seem to be facing many countries. - 23223
posted by X - Men @ 2:43 AM
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