A study by the German Bertelsmann Stiftung says that Brazil and other emerging markets have responded more swiftly and successfully to the global recession of 2008/09 than advanced economies. In year two after the outbreak of the global financial and economic crisis, emerging countries like China, India or Brazil are stimulating the global economy and differ profoundly [...]
Posts Tagged ‘crisis’
Helping Brazil to help itself
The IMF should end its Washington consensus policies and encourage Brazil to strengthen, not eliminate, capital controls Kevin Gallagher – guardian.co.uk Traders at Sao Paulo’s futures exchange. Photograph: Mauricio Lima/AFP/Getty Images In an effort to stem the appreciation of its currency, the real, Brazil has twice resorted to capital controls. In response to these measures, [...]
THE OPPENHEIMER REPORT: Brazil a nuclear power? Probably not
BY ANDRES OPPENHEIMER AOPPENHEIMER@MIAMIHERALD.COM Latin America has long prided itself on being the world’s most populated nuclear weapons-free region, but recent statements by top Brazilian and Venezuelan officials are making many of us wonder for how long that will be the case. Brazil’s Vice President Jose Alencar made big headlines late last month when he [...]
Bric countries: growth even in the (developed) world crisis
The dependence from emerging economies on the developed world has never been so questioned before. In the middle – or the beginning? – of a crisis which crushed first world markets, the economy of countries like the members of Bric (Brazil, Russia, India and China) continue to grow, outperforming their developed peers. “We are already [...]
BRIC will discuss alternative solutions to economic crisis
Brazil, Russia, India and China are seeking alternative answers to the current global crisis. The leaders from the four countries will meet in the Russian city of Yekaterinburg on June 16. “The tendency among the BRICs is to insist on having an approach to the crisis that focuses primarily not on finance but on the [...]
Carnival climate in Brazil, as property market celebrates new record growth
The property market in Brazil has celebrated the news that a new record growth has been achieved, to show that the credit crisis has not reached the South American country. Housing credit has closed 2008 with 299.746 properties financed, the highest number ever and a rise of up to 53% over 2007. According to ABECIP [...]
OECD: Brazil is the least affected by economic slowdown
The global financial crisis is not expected to lead to a major economic downturn in Brazil, a new study has concluded. According to the Organisation for Economic Cooperation and Development (OECD), prospects for the South American country remain favourable in comparison with many other countries. Indeed, the OECD’s composite leading indicators showed that the nation [...]
No recession in Brazil as GDP grows to 1.8%
The Brazilian govervenment has celebrated today as the country’s GDP has grown to 1.8 percent in the third quarter from the second. These are further signs that the South American country is resisting the global recession. According to the official statistics agency, IBGE, the expansion of the gross domestic product was faster than the 1.6 [...]
Brazil sees record in direct foreign investments in 2008
The flow of direct foreign investments in Brazil has already surpassed the figure foreseen by the Brazilian Central Bank for the whole of 2008. According to the Central Bank, the total value of foreign investments in the country were US$ 37,1 billion, well above the predicted figure of US$ 35 billion. The value refers to [...]