Economy in Brazil is Booming
How has Brazil been able to achieve no economic drops? Their economy actually grew in 2008 while others were experiencing losses, up 5.4% in fact. Not a bunch, but when you look at the economy in other countries you see nothing but plight.
Talking to investors they say that Brazil has the best economy when being compared to the BRIC nations. These are Brazil, Russia, India and China, and the mortgage problem didn't even affect the people of Brazil.
Banks in Brazil never sold any of their mortgages and the people own 70% of homes. It's really an amazing feat when you look at how all other countries have experienced problems in their economies. Showing that the economy in Brazil is growing continually each year.
The president is the direct reason behind this good fortune, swearing he would make the economic development of Brazil his number one priority. He's done a fantastic job, and has helped in pulling in other Latin nations to support US ideas.
Paying off a year early, Brazil showed the world that they could thrive economically when they paid off the IMP, or International Monetary Fund. Not even losing half of the money when the final payment was made from the reserves of the country.
As with any policy there are people who complain about the effects that are felt in many areas. Saying that mostly the higher classes have felt the benefits from the economy. Stating also that education should be focused on, and that the public sector should be streamlined.
President Lula has created a few organizations that help other nations with many things. Brazil is a great example of a country that is run well, and has succeeded. - 23222
Talking to investors they say that Brazil has the best economy when being compared to the BRIC nations. These are Brazil, Russia, India and China, and the mortgage problem didn't even affect the people of Brazil.
Banks in Brazil never sold any of their mortgages and the people own 70% of homes. It's really an amazing feat when you look at how all other countries have experienced problems in their economies. Showing that the economy in Brazil is growing continually each year.
The president is the direct reason behind this good fortune, swearing he would make the economic development of Brazil his number one priority. He's done a fantastic job, and has helped in pulling in other Latin nations to support US ideas.
Paying off a year early, Brazil showed the world that they could thrive economically when they paid off the IMP, or International Monetary Fund. Not even losing half of the money when the final payment was made from the reserves of the country.
As with any policy there are people who complain about the effects that are felt in many areas. Saying that mostly the higher classes have felt the benefits from the economy. Stating also that education should be focused on, and that the public sector should be streamlined.
President Lula has created a few organizations that help other nations with many things. Brazil is a great example of a country that is run well, and has succeeded. - 23222
posted by X - Men @ 2:43 AM
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