Brazil is one of the first countries to emerge out of the economic crisis. That’s what Businessweek stated in an article published yesterday, which highlighted the stimulus measures implemented by Brasilia to keep our economy warm.
Among these measures is My House, My Life – a government habitation program dedicated to funding houses in small installments for the poor. While lifting millions of Brazilians out of poverty, campaigns like these promote a bigger dynamism in the sectors it embraces.
Besides, the government cut income taxes and levies on key consumer goods, such as automobiles and whirlpools, helping manufacturers boost sales and avoid layoffs. The article also emphasized the recent high on confidence levels among Brazilians and the potential our 190-million-people consumer market has.
And, in spite of Brazil’s outdated bureaucracy and transport, it is clear we are changing. The country’s improving prospects create huge opportunities for entrepreneurs small and large.
Click here to see the full article.