Posted on 03/04/2016 7:29:23 PM PST by MtnClimber
Brazil's economy shrank by 3.8 percent in 2015, the government said Thursday, with the biggest contraction in 25 years set to push the Latin American giant into its worst recession for more than a century.
The latest gloomy news from Brazil was no surprise, but the severity underlined the depth of problems facing President Dilma Rousseff's government as it battles both declining economic output and 10.67 percent inflation.
The state statistics office said 2015 registered the worst single annual fall in GDP since 1990, a year when the economy dipped 4.3 percent.
With the International Monetary Fund predicting a further 3.5 percent shrinkage this year, Brazil appears to be well into a recession that would be worse than any on government record going back to 1901.
The GDP results shove Brazil into the bottom bracket for performance in Latin America, where it is easily the biggest economy. Only Venezuela, with what the IMF estimates was a 10 percent plummet in GDP, is worse off.
Sad that Brazil and Venezuela are failing so badly, but they voted for socialist governments. At least they got what they voted for.
The same could be said for the U.S. The nitwits once again trumpeting 240,000 ‘new’ jobs in a country of 340 million. All of them part time when the numbers are looked into.We need almost 300,000 new jobs a month to keep up with increases in the labor market.
Lies, all lies!
The Olympics will turn things around, no country has ever lost money hosting the Olympics.
Quick. Get Pope Jorge on the phone and tell him that a Brazilian Brazilians are going to need a lift in his popemobile up to the U.S. border.
All committed by minors. In Brazil, in the rare occasions in which the bad guys are caught, they are often released because of overcrowded jails, among other factors. Moreover, people with less than 18 years of age cannot go to jail. Instead, they go to "social facilities" for "rehabilitation" for a few months, and get all records expunged when they turn 18. It is tragically common for minors to have 5+ passages in the police before they turn 18. One can easily find on Google news stories of minors with a history of 30+ passages (and no arrests).
http://www.liveleak.com/view?i=baa_1457062896
Are they $##TTING BRICS yet?
But when they turn 18, they get shot by the cops. Game over.
Livened up your link. Worth watching. Prelude to Olympic fun.
http://www.liveleak.com/view?i=baa_1457062896
Socialists micromanage everything, but have never accomplished anything except in their minds. I predict the Olympics will be an epic failure.
http://www.heritage.org/index/ranking
There is a good correlation between economic freedom and economic growth.
The US was always ranked in the top ten freest countries. Under Obama we've fallen to 11. We are in the "mostly free" category. (The top 5 are "free").
Brazil is ranked 122. It's in the "mostly unfree" category. Venezuela has earned a rank of 176. It's in the "repressed" category.
How can this be, shouldn’t all that government spending on world cup and olympic venues have stimulated the economy to record growth.
The Beatings will continue..........until the moral improves!
my family and I lived in Brazil in the early 60”s. I remember huge gangs of children. They would line up in the streets and throw rocks at each other. I talking may be 60 per side unreal. People doing anything you do at home but they do it on the street and beaches. Most of all I remember debating with adults over politics in Portuguese. They sure loved to talk and debate. I think that why I was a socialist until I had to get my first job. That kinda of woke me up. Half of the tickets have been sold to the games. I have not been back or ever want to, but the beaches were nice and the woman so beautiful
I spent a bunch of time in Brazil this year. They’re not being undone by socialism — not a socialist country in the Venezuela/Cuba sense. The demon isn’t political ideology but pure old fashioned corruption, to the point that the average Brazilian has given up any hope that they are protected under the law. A very beautiful country and a deeply effed-up one. (With great music.)
Your experienced take on things gratefully received, Byron
They believed Lula Desilvas lies and then Rouseffs. Same old fascination with socialist rubbish.
Brazil the country of the future...and will always be. - De Gaulle.
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