A couple of days ago, Sunday, December 25, 2011, I posted “BRAZIL IS PROGRESSIVE – A TRIBUTE TO A GREAT COUNTRY”
Today we hear that Brazil has
overtaken the UK to become the world's sixth-largest economy, according to a
team of economists. The banking crash of 2008 and the subsequent recession has
relegated the UK to seventh place in 2011, behind South America's largest
economy, which has boomed on the back of exports to China and the far east.
Brazil GDP Growth Rate
The Gross Domestic Product (GDP) in Brazil stagnated in the third quarter of 2011 over the previous quarter. Historically, from 1996 until 2011, Brazil's average quarterly GDP Growth was 0.80 percent reaching an historical high of 4.50 percent in September of 1996 and a record low of -4.20 percent in December of 2008. Brazil is one of the fastest growing emerging economies in the world. With large and growing agricultural, mining, manufacturing and service sectors, Brazil economy ranks highest among all the South American countries and it has also acquired a strong position in global economy. This page includes: Brazil GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Brazil GDP Annual Growth Rate, which measures growth over a full economic year.
Brazil’s growth even at this sluggish rate still surpassed
that of the UK and has surpassed them to become the world’s sixth largest
economy. The GDP only grew 2.1 percent from the same period a year ago.
But as the European mess gets worse, Brazil’s first female
President – Dilma Rouseff is taking very aggressive steps to reinvigorate the
economy with a mix of tax cuts, interest rate reduction and less strict lending
requirements.
Maybe the US
should learn a little from Brazil and cut taxes for the middle class, reduce
interest rates for the public – not the financial institutions that are making
a bundle out of loans given to them and paid for by the taxpayer only to turn
around and loan it out at higher rates thus pocketing huge profits. And then we
should also encourage and even require all those financial institutions to stop
hoarding the money and begin to loan it out or else…OR ELSE we are going to
establish a people’s owned banking institution that will give them a run for
their money.
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