Brazil’s economy is expected to slow to about 3% for the remainder of 2011, which is right near the 2.5% number released for Q3 GDP for the United States.
This unspectacular 3% number is even after 100 billion dollars of foreign investment and two recent interest rate cuts. There has been much hype and much investment after it was announced that the World Cup & Olympics would be hosted in this South American country.
However, high inflation as a result of higher commodities and wages will have a negative impact on Brazil’s economy going forward.
The Good: 2014 World Cup & 2016 Olympics
Brazil has a lot to be proud of hosting the World Cup & Olympics two years apart. I have traveled to Brazil over a dozen times and it is wonderful country.
From Oro Preto to Recifi, Brazil has been blessed with spectacular natural beauty. The county is rich in culture, from both the New World & the Old World. Case in point:
A visit to the Lapa neighborhood in Rio De Janeiro on a Friday night will expose the visitor to music with roots from Africa, which in turn has influenced a wide-range of Brazilian music. Brazil is also considered the zenith of soccer, and 5 World Cup’s substantiate this claim.
From Antonio Carlos Jobim to Pele, Brazil has given the world much in the area of art and sport. From an economic point of view it is now considered the largest and most stable country in South America.
This unspectacular 3% number is even after 100 billion dollars of foreign investment and two recent interest rate cuts. There has been much hype and much investment after it was announced that the World Cup & Olympics would be hosted in this South American country.
However, high inflation as a result of higher commodities and wages will have a negative impact on Brazil’s economy going forward.
The Good: 2014 World Cup & 2016 Olympics
Brazil has a lot to be proud of hosting the World Cup & Olympics two years apart. I have traveled to Brazil over a dozen times and it is wonderful country.
From Oro Preto to Recifi, Brazil has been blessed with spectacular natural beauty. The county is rich in culture, from both the New World & the Old World. Case in point:
A visit to the Lapa neighborhood in Rio De Janeiro on a Friday night will expose the visitor to music with roots from Africa, which in turn has influenced a wide-range of Brazilian music. Brazil is also considered the zenith of soccer, and 5 World Cup’s substantiate this claim.
From Antonio Carlos Jobim to Pele, Brazil has given the world much in the area of art and sport. From an economic point of view it is now considered the largest and most stable country in South America.
Examiner
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