Brazil Might Still Reap Economic Benefits from the World Cup
Post on June 19, 2014, 1:00 pm by admin 0 Comments
After averaging 4.5 percent per year GDP growth over the last decade, Brazil has begun a two-year (2014-15) slowdown, stunted by falling commodity prices, rising inflation and wilting consumer confidence. Chest beating Brazil, leader of the BRIC countries, resource rich and business savvy, seems to have lost its mojo. Like a salesmen whose hit a slump, Brazilians of all stripes are hoping for a miracle – only the Seleção, the Brazilian national soccer team, can lift the country from its slump. Is such an idea modern superstition, or do the Brazilians have a point?
Read John Price’s Latin Trade article here: http://bit.ly/1lD2j7C
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