According to the economists, a recession is characterized when a Country has two consecutive trimesters with negative growth. On the last three months of 2008 Brazil had a contract in its economy by 3.8%. IN the first trimester of 2009 Brazil had its economy contracted by 0.8%. Therefore our country is on the crisis. The Ibovespa stock market index has been reaching levels not seen since before the global financial crisis. The globalization has its terrible face when a economy of the most important country around the world decrease. In the other hand Brazil is seen with an optimistical form by the foreign entrepreneurs, putting money into Brazil recently in the hope that its economy will recover more quickly than other countries.
Source: http://news.bbc.co.uk/2/hi/business/8091632.stm
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In crisis time is very important the investment of entrepreneurs to increase the economy of the countries. In the case of Brazil it is a very significant help to the growth of economy and overcome the recession.
ResponderExcluirI think the principal effect of the crisis in Brazil is reflected in iron industries due to exports. In my opinion Brazil's internal finances are more consistent and stronger than other countries. I really hope the crisis do not achieve us more than it already had.
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