Brazil, possibly the worst faring economy in the BRICS nation for the past four years is finally seeing light on the other side of the tunnel. Just a year after Brazilian President Michel Temer took office the inflation rates dropped from 9% to 2.46% leading to an increase in the Countries GDP. President Temer said “we have just left a very strong recession.”
The BRICS Post. (13 Sep. 2017). Brazil gov't says GDP growth could hit 3% in 2018. [online] Available at: http://thebricspost.com/brazil-govt-says-gdp-growth-could-hit-3-in-2018/#.WdFSNsiGOM8
The BRICS Post. (13 Sep. 2017). Brazil gov't says GDP growth could hit 3% in 2018. [online] Available at: http://thebricspost.com/brazil-govt-says-gdp-growth-could-hit-3-in-2018/#.WdFSNsiGOM8
What impact do you think this will have/is having on its trade with international partners?
ReplyDeleteIt's great to see a struggling economy start getting back on their feet!
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