Dilma Rousseff’s Right Turn
Dilma Rousseff’s Right Turn
AS/COA’s Eric Farnsworth points out to the potential reasons why Brazil’s economic growth has slowed down in the current year.
Brazil’s economy boomed over the past decade as its exports—from soybeans to iron ore to offshore oil drilled from dizzying depths—were in high demand. In the past 10 years, 35 million people crossed the poverty line and joined the burgeoning middle class, according to government figures.
But the economy inched ahead just 0.6 per cent during the first half of 2012; even Latin American laggard Mexico is expected to outpace Brazil this year….
But putting Brazil back on track may also require a boost from China, its top trading partner, says Eric Farnsworth, vice-president of the Council of the Americas. “If China gets back its mojo,” he says, odds are Brazil will too….
