The Economist (September 28)
“Has Brazil blown it?” The nation had been flying high, with an economy barely impacted by the Lehman crash and the prestige of being selected to host the 2014 World Cup and 2016 Olympics. “Since then the country has come back down to earth with a bump. In 2012 the economy grew by 0.9%. Hundreds of thousands took to the streets in June in the biggest protests for a generation, complaining of high living costs, poor public services and the greed and corruption of politicians.” The Economist believes “Brazil is not doomed to flop,” especially if it makes progress in cutting “red tape, merging ministries and curbing public spending.”
Tags: Brazil, Economy, Lehman, Olympics, Politicians, Prestige, Protests, Public services, Public spending, Red tape, World Cup
