Quote:
Originally Posted by RalphJ
Anyone notice they didn't mention Brazil? The ONLY country of the 4 BRIC's that wasn't mentioned. From 2003 until 2007 the entire globe grew at a medium rate of 4+%.....Brazil didn't even make par. Only Haiti grew at a slower rate during that time period than Brazil in Latin American and Carribean countries.
And now the interest rates are rising once again. Twice in the last 3 months. Now to 12.25% per annum. And the biggest detriment has been inflation, seeing large increases in flour (farina de trigo), rice, beans, and other staples. When a country has 40 million of it's populuation making less than 2 U.S. dollars per day it has a dramatic effect.
And there it is.....Custo Brasil!
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Did you actually watch the same video? He did say that Brazil's growth rate has picked up massively in the last six months.