brazil economy problems?

Answer 1

Brazil has the ninth-largest economy in the world at purchasing power parity as of 2006. Brazil has a diversified middle income economy with wide variations in levels of development

Possessing large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other Latin America countries and is expanding its presence in world markets.


[edit] Major issues
Brazil's economy has been experiencing more than 26 years of small economic growth, due to insufficient savings from both the private and state sectors. An annual budget deficit of around 2,5% of GNP makes the problem worse, because the state requires private saving in order to fill the budget gap.

Current economic growth is below that of comparable Latin American countries and of China and India. Brazil has dropped 11 positions on the WEF Growth Competitiveness Index ranking from 2003 to 2005. [7].

Brazil has been characterized as the "country of the future", as the country has always had the potential to be an economic superpower, but hasn't acheieved this status yet. This is summed up in the quote "Brazil is the country of the future-and always will be." Especially during the boom years of the 60s and 70s, many people saw that Brazil was taking its rightful place among the world's largest economies. Weak growth since 1980 has largely derailed this possibility in the near future. [8]

Brazil is part of the BRIC countries, which includes Brazil, Russia, India and China. The Goldman-Sachs paper that proposed this group of countries would have rapid economic growth and by 2050 would eclipse the current major economies

Answer 2

no problems in Brazil. Everything is a o k