>Brazil’s economy will contract more than previously forecast and is heading for the deepest recession since at least 1901 as economic activity and confidence sink amid a political crisis, a survey of analysts showed.
>Latin America’s largest economy will shrink 2.95 percent this year, according to the weekly central bank poll of about 100 economists, versus a prior estimate of a 2.81 percent contraction. Analysts lowered their 2016 growth forecast for 13 straight weeks and estimate the economy contracted 3.71 percent last year.
>Brazil’s policy makers are struggling to control the fastest inflation in 12 years without further hamstringing a weak economy. Finance Minister Nelson Barbosa, who took the job in December, has faced renewed pressure to moderate austerity proposals aimed at bolstering public accounts and avoiding further credit downgrades. >Impeachment proceedings and an expanding corruption scandal have also been hindering approval of economic policies in Congress.
Your GDP per captia in literally on tier with Romania.
Imports/Exports: 40% of GDP
Imports/Exports: ~20% of GDP
As >>53155925 said, the problem is more complex.
The funny thing is that a more developed economy with a somewhat consolidated manufacturing and services industry is expected to be more resilient against crisis than your typical Banana Republic.
>The company that used to be the 4th most valued in the world goes to shit because of the government taking with them a good part of our manufacturing base. Thanks Dilma.
>Government didn't make the necessary fiscal reform. Thanks Dilma
>Government spends money that it doesn't have. Thanks Dilma.
>Major Police operation that affects most of the high profile companies, from trust funds to military
>rampant violence in major cities
And many other things
I blame the government rather than our "lack" of economic resiliency. How many countries would go unscathed after 16 years of PT?
He was saying that even when their major export had their prices falling they grew, and that he didn't get why Brazil wasn't growing as well. My point was very clear, we can't be held to the same parameter, since we aren't as dependable to trade as Colombia. You are very stupid if you didn't understand.
*Votes for Dilma*
*Sings Karaoke To Anitta*
NOS FOMOS REIS E MERDA!!!
>Sings Karaoke To Anitta
There is nothing wrong with this
>He was saying that even when their major export had their prices falling they grew, and that he didn't get why Brazil wasn't growing as well. My point was very clear, we can't be held to the same parameter, since we aren't as dependable to trade as Colombia. You are very stupid if you didn't understand.
A country can't survive with domestic consumption only. Real will be worth less than toilet paper and inflation will skyrocket.
You clearly don't understand how economy functions, so you shouldn't really be talking about it.
The key here is simple: Brazil doesn't produce anything important to the rest of the world.
Even our shittiest music can be nice if provided with the right ammount of remix.
>You clearly don't understand how economy functions, so you shouldn't really be talking about it.
I don't think that's the case lad.
>A country can't survive with domestic consumption only.
Plenty of countries have similar gdp/trade ratio to Brazil anyway, that's not our major problem lad.
The key here is simple, Brazil and Colombia are very different cases. you are a retard trying to discuss something that I haven't even brought up.
I know that our industry is kinda shit thanks to the relative complacency of most of our civil presidents after the end of the Military Dictatorship regarding productivity and infrastructure and also that Petrobras houses a significant R&D sector. but to claim that a single state-owned company compromises most of our manufacturing base isn't going a little too far?
While I would say that PT's was always all about your typical Latin American pink wave populism that would pander to the ignorant masses, Brazil did in fact enjoy a period of prosperity for much of the Lula administration, with GDP growth being around ~7% year, he left office with the highest approval rates of any Brazilian president (>85%). Apparently this economic model showed to be unsustainable with the economy showing signals of a slowdown back in 2012, while the fact that Dilma is incompetent as a figurehead and as a statesman is not surprising, the fact that almost everyone was oblivious to the unfolding disaster until the end of 2014 is. I really want to know what started this clusterfuck in the first place.
>Plenty of countries have similar gdp/trade ratio to Brazil anyway, that's not our major problem lad.
>The key here is simple, Brazil and Colombia are very different cases. you are a retard trying to discuss something that I haven't even brought up.
You contradict yourself even in the same posts. EVERY country is a unique case.
You're talking to an economy major buddy. Stop trying, i can tell you're 16 years old.