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Old 01-21-2011, 11:16 AM
 
Location: Fortaleza, Brazil
3,075 posts, read 5,188,591 times
Reputation: 1774

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Brazil world’s fifth economy by 2016, anticipates Lula da Silva

On presenting a review of his eight years in office, Brazilian president Lula da Silva forecasted that Brazil would become the world’s fifth economy by 2016. He also underlined that under his administration combating hunger had become a “national cause” and for him a personal pride.


“If it depends on Dilma (Rousseff, the president-elect) and Guido (Mantega, Finance minister), we will become the fifth world economy by 2016, and we are going to conquer that gold medal”, said Lula da Silva in direct reference to the Olympic Games to be hosted by Brazil on that year.
The Brazilian president made the announcement during the official presentation Wednesday before his cabinet of a review of his eight years in office and achievements in that period (2203/2010).
President elect Rousseff was also present at the ceremony held in the Planalto Palace, Government House.
“We are the pre-salt power (in reference to the vast pre-salt oil deposits), the country that will be hosting the World Cup and the Olympics” said an enthusiastic Lula da Silva who steps down from office next January first.
He said that “never before” a Brazilian president had presented a balance of his years in office, and in this case organized into six volumes.
Lula da Silva said that he is leaving with a public opinion support of 80%, which is a clear signal that what was promised was achieved, “but if we add those who are not dissatisfied the approval soars to 96%, almost unanimity, quite extraordinary”.
But he anticipated that “Dilma is going to do far more and achieve far more” during her administration that begins next January first.
“These volumes are a picture of the Brazilian society, to know what has been done and what needs to be done, and that is why God and the political system ensured Dilma’s election: my election, re-election and now continuity”.
But he made it a point to underline that it was Dilma who decided on the economic team, virtually the same names.
“She knows far more than I do about numbers and finance, so it was her who decided. When they came to talk with me (the economic team) they had spent hours before with Dilma”, said Lula da Silva.
Among the achievements in the financial and economic fields Lula da Silva said that unemployment was at its lowest rate (6.1%) in decades and for the first time “we have more formal workers than informal workers”.
He also mentioned that for the first time Brazil has become a creditor country and has “even lent money to the IMF, 14 billion US dollars”. At the beginning of 2003, Brazil’s foreign exchange reserves totalled 80 billion and now stand at 285 billion.
Lula da Silva also anticipated a record crop of 148 million tons of grains and oil seeds which has made the country one of the world’s top exporters.
The president paid special attention to the Program to Accelerate Development, geared to expand the country’s infrastructure and to “re-launch the railway industry and shipyards”, forgotten for over 18 years.
Regarding social advances Lula da Silva said that combating hunger had become a “national cause” and through special food basket support programs millions were lifted from indigence and poverty, which he described as the major and most dear achievement of his administration.
On education Lula da Silva mentioned the basic literacy program, the funding of universities and revealed that Brazil now publishes “more scientific papers than Russia of the Netherlands”.
“It’s not much, but Dilma is going to make far more”, he promised.
Finally he underlined that his two administrations’ achievements were materialized through the workings of a “truly democratic” system, with Congress and wide participation of the Brazilian society in the decision making process.
“We have consolidated institutions and they are working. There is complete harmony among the three branches of the Republic”, he concluded.


source:

http://en.mercopress.com/2010/12/15/...-lula-da-silva
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Old 01-21-2011, 11:18 AM
 
Location: Fortaleza, Brazil
3,075 posts, read 5,188,591 times
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Brazil's economy to surpass Italy in 2011


According to recent data from a report by the International Monetary Fund (IMF) Brazil is expected to surpass Italy in 2011 as the seventh largest economy in the world, will likely keep that rank until at least 2015.

Brazil's current economy makes it already larger than both Russia and India, with a GDP of US$2 trillion, and along with China they are grouped in the so-called "BRIC" group of major emerging market players, and the IMF predicts that Brazil's GDP will likely grow to US$2.2 trillion next year, and will continue to rise to US$2.8 trillion by 2015.
Automobile production alone is expected to grow 13.1 percent this year and Brazilian car exports continue to recover.

Anfavea, Brazil's National Association of Motor Vehicle Manufacturers, has upped its forecast to 750,000 exports this year from its original estimate of 620,000 of unassembled vehicles with revenue expected to total US$12.8 billion. Furthermore, car exports were 76 percent higher in the first three quarters of this year than the same time last year, and totaled 569,524. Still though, exports have declined as a percentage of overall sales, while imports are progressively climbing.

source:

Brazil's economy to surpass Italy in 2011 - News - FerroAlloyNet.com
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Old 01-21-2011, 11:23 AM
 
Location: Fortaleza, Brazil
3,075 posts, read 5,188,591 times
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This year, Italy will be surpassed. The next will be the UK and France. In this economic Grand Prix, Brazil is going fast as Ayrton Senna, Tony Kanaan and Helio Castroneves...

Last edited by MalaMan; 01-21-2011 at 11:33 AM..
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Old 01-21-2011, 11:37 AM
 
Location: The Milky Way Galaxy
2,256 posts, read 6,379,541 times
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And by 2016 the US will be in 50th place lol
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Old 01-21-2011, 12:25 PM
 
Location: Great State of Texas
86,068 posts, read 76,956,478 times
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Remember BRIC ? Those were tooted as the next big economies.
Those were the "emerging" nations. Well..the "emerging" is over now. They have arrived.
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Old 01-21-2011, 01:37 PM
 
Location: San Diego California
6,797 posts, read 6,649,856 times
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Considering most of the money from QE is going to Brazil so US Banks can make huge profits on carry trade it is not surprising the country is flourishing. The problem is the US taxpayer is financing it, while our own economy is in the toilet.
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Old 01-21-2011, 01:49 PM
 
Location: Fortaleza, Brazil
3,075 posts, read 5,188,591 times
Reputation: 1774
Quote:
Originally Posted by jimhcom View Post
Considering most of the money from QE is going to Brazil so US Banks can make huge profits on carry trade it is not surprising the country is flourishing. The problem is the US taxpayer is financing it, while our own economy is in the toilet.
Hahahahahahahahahaha!!!!!

LOL! The typical "american taxpayer is financing it" reaction I was expecting!

Quantitative Easing (QE) started in 2009. Brazil was already flourishing in 2007 and 2008. Try to find another explanation...
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Old 01-22-2011, 01:41 AM
 
2,654 posts, read 4,962,859 times
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Who was it that said "Brazil is the country of the future - and always will be"
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Old 01-22-2011, 03:13 AM
 
3,853 posts, read 12,063,181 times
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Brazil, no kidding. They have loads of natural resources all of which are easy to export. Check this out:


http://www.youtube.com/watch?v=ZTCezPgj9aY
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Old 01-22-2011, 08:44 AM
 
Location: Fortaleza, Brazil
3,075 posts, read 5,188,591 times
Reputation: 1774
I don't know why some americans seems to be "upset" about Brazil's growth. Our growth is not a "threat" to the US. Our GDP won't surpass the GDP of the US in the next 80 years, at least. Your position as the world's largest economy is not threatened by Brazil.

So, why can't you just take as good news the fact that a country that was historically a poor third world country is now developing fast and its people is getting a better life?
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