When I moved here two years ago from London, I was shocked by the big increase in cost. Brazil is now an extremely expensive country, and it has been for a few years now. Numbers that came out last week ranking São Paulo the world’s 12th-most expensive city – above London, Paris, and New York – will come as(…)
Arquivo - Tag: Currency War
The death of Brazilian industry – three theories
President Dilma’s meeting with Barack Obama today may have been largely symbolic, perhaps even a wasted opportunity. But she did manage to lodge Brazil’s major complaint with the US at the moment: that Washington has been devaluing the dollar, making Brazilian products too expensive to export. Of course on an economic level, this will get(…)
Brazil lashes out at US, Europe. They quickly apologize
In the past few days the Brazilian government has harshly criticized both the United States and the European Union, for two entirely different reasons. And in both cases, the governments have accepted the attacks quite diplomatically, even suggesting they may not disagree. Dilma’s government is willing to stand up to the big powers, it seems,(…)
2012 – the year of the “Global Currency War”?
Guido Mantega, Brazil’s powerful finance minister, said this week that global economic growth will slow in 2012, leading to an intensification of the destructive “currency war”. Does this mean that we may see more government intervention in the Brazilian exchange rate, or simply that Brazil has not tired of dishing out acerbic critiques of the(…)
