The Economist (June 2)
2011/ 06/ 04 by jd in Global News
“For most Brazilians life has never been so good.” Brazil’s economy has become the envy of others, but success could be its undoing. “Many of Brazil’s economic officials now have an air of smugness about them, as they argue that the rest of the world has more to learn from Brazil than vice versa.”In fact, Brazil has both pressing short-term problems, most notably inflation, and long-term structural problems such as pension reform. Because these issues require immediate attention, “the timing of such complacency could not be worse.” As the economy overheats, “the government is stalling on a deeper reform agenda that is essential to boost Brazil’s long-term growth and fiscal stability.”
