Brazil takes off – The Economist

The Economist came out with a 14-page (here) report on Brazil and here’s the cover with Christ as a rocket.

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“WHEN, back in 2003, economists at Goldman Sachs bracketed Brazil with Russia, India and China as the economies that would come to dominate the world, there was much sniping about the B in the BRIC acronym. Brazil? A country with a growth rate as skimpy as its swimsuits, prey to any financial crisis that was around, a place of chronic political instability, whose infinite capacity to squander its obvious potential was as legendary as its talent for football and carnivals, did not seem to belong with those emerging titans.

Now that scepticism looks misplaced. China may be leading the world economy out of recession but Brazil is also on a roll. It did not avoid the downturn, but was among the last in and the first out. Its economy is growing again at an annualised rate of 5%. It should pick up more speed over the next few years as big new deep-sea oilfields come on stream, and as Asian countries still hunger for food and minerals from Brazil’s vast and bountiful land. Forecasts vary, but sometime in the decade after 2014—rather sooner than Goldman Sachs envisaged—Brazil is likely to become the world’s fifth-largest economy, overtaking Britain and France. By 2025 São Paulo will be its fifth-wealthiest city, according to PwC, a consultancy.” – Economist (a little more here)

11 thoughts on “Brazil takes off – The Economist

  1. The article: Brazil takes off is very interesting, and thought provoking. I am also interested in the fact that Brazil is set to receive Iran’s president, Mahmoud Ahmadinejad, today. If brazil can bring some peace to the middle eastern conflicts, it will be able to take its seat as a powerful international power.

  2. Very interesting article and although Brazil has a stronger economy now, it still needs to address some major issues such as education, health and violence. Hopefully the next President and group of politicians will finally put education as a major priority.

  3. Thanks to the President’s Lula initiative, Brazil is taking off.
    His efforts to combat poverty, and modernization the slums are working. The infrastructure, education and health will slowly have achievements, it needs some time as well as patience. The important things is that Brazil has the financial stability to work on those issues. In response to Brazil over Iran(commented above) we need to understand that the ones who are going to struggle are the people of Iran, so what president Lula is doing is trying to pursued the US and other nations to extend negotionation, we know it tough, but this is the way to go, we need to learn a lesson after what happened in Iraq, sounds faniliar? Brazil is not financing Iran’s nuclear ambitions.People should not be managed with punishments, they need support, inspiration and lots and lots of dialogue.

  4. I am very sceptical about “Brazil taking off” for the following reasons:

    1) Comparing Brazil to Australia (Exports, GDP, per capita GDP, etc)
    one can see that Brazil is a very skewed and stratified society, and
    will very likely remain so well beyond 2050.

    2)Aside from airplanes and a few other “High tech” products, Brazil does
    not have consumer branded [manufactured] products to sell to world.

    3)Social programs to prop up the poor are only temporary relief.

  5. Pingback: Brazil – Special Report « Brazil Phenomenon

  6. Lula only “took off” because his predecessor left everything on the plate for him. And his initiatives to help the poor may be comforting to foreign eyes, and even to the poor, but the poorest are still not getting help, too much of this money is diverted to other people’s pockets (due to lack of inspection), and many families I know have stopped working because they can survive comfortably on bolsa familia (they force their kids to go to school to pay for the LCD tv), unemployment pay (they actually ask to get fired to get it for 3 months).

  7. ASS.DECOLA BRASIL;

    O POUCO QUE DECOLOU FOI DEVIDO AS MADIDAS DEIXADAS PELO GOVERNO DO FERNANDO HENRIQUE, AS QUAIS O lula FOI FERRENHAMENTE CONTRA, A SABER: PLANO REAL, PROER, FUNDO GARANTIDOR, LEI CONTROLE FISCAL, ERRADICAÇAO DE INFLÇÃO DESCONTROLADA, IDEALIZADOR DO BOLSA FAMILIA, DIMINUIÇÃO DOS GASTOS PUBLICOS O QUAL AUMENTOR NO ATUAL GOVERNO ONDE ELEVOU A DIVIDA INTERNA PARA MAIS DE DOIS TRILHOES DE REAIS, A CORRUPIÇÃO ESTA SEM CONTROLE, O SISTEMA DE SAUDE E PRECARIO. EM FIM O PAIS DEIXA MUITO A DESEJAR A PESAR DA ARRECADAÇÃO TER CRESCIDO ACIMA DO ESPERADO.

    PORTANTO ACHO O GOVERNO QUE AI ESTA MUITO INFERIOR AO GOVERNO ANTERIOR.

  8. Big Lie, Brasil is the same for the last 10 years, corruption is getting worse, education, still the same Shi*… the salary still the same shi*, house hold prices are too high, Taxes it are the highest on the world and impossible to make business there.. People buy a simple mobile fone paying monthly, like with everything. we don’t have even inter Train Lines in Brazil…it is a Shame Country…If you don’t live in here don’t even try to say how the Brazilian economy is….the only thing is that we are not going negative on the economy, if you see every year is always the same….

    what is more, it is a old non understandable new from a good reputation magazine that i respect lot, but news is never 100 % high, and they always exaggerate things, they make a small thing to become Huge…so you know…i am from the best part of Brazil to talk about it…

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