Under Rousseff, though, Brazil went from booming to gloomy, with its economy stalling even as Latin America as a whole is growing. Investors from all the globe, who once lined up to buy a piece of the Brazilian Dream, are now looking to more attractive markets, such as Mexico (and celebrating every time she appears losing ground in polls). More recently, Brazil’s economy has slipped into a recession, the country’s annual inflation is accelerating and its outlook is deteriorating. And even though Rousseff says the weak economic performance of her government is to blame in a globally inospitable scenario for investors, numbers prove her wrong. By the end of her term this year, Brazil’s growth under Rousseff is expected to be two percentage points lower than Latin America’s overall growth between 2010-2014. It will be the first time in 20 years that Brazil was left eating its neighbors’ dust – during both Cardoso and Lula da Silva’s government, the country grew at the same rate registered for Latin America.
Posted on: Sat, 13 Sep 2014 18:05:14 +0000
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