Friday, February 24, 2012

The Brazilian Economy

     In the world of economics, few things are as exciting as Brazil's performance in the global economy as of late.  With the boom in emerging markets that started in 2003, money has gushed into Brazil from abroad, easing investment opportunites and welcoming impressive GDP growth.  The success has been rooted in the South American giant's well developed rural sectors: agriculture and mining, and the impressive urban sectors: manufacturing and the service industry (economywatch).  Recently, Brazil's economy has surpassed that of the UK's as the sixth largest in the world (BBC).
    After maintaining low inflation and a steady growth of GDP since 2003, Brazil finally felt the negative effects of the global financial crisis in 2009, during which it experienced a negative GDP growth rate.

However, confidence from foreign investors and a steady hold of the reigns by Brazilian financiers and government officials pushed the nation's economy back to its expansion status.  Only recently has growth slowed as the world waits to see how the economic instability of the eurozone pans out.
 


Sources:
Economy Watch: http://www.economywatch.com/world_economy/brazil/
BBC: http://www.bbc.co.uk/news/business-16332115
Trading Economics: http://www.tradingeconomics.com/brazil/gdp-growth

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