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(…)
Arquivo - Tag: Economy
Why has Brazil been getting richer?
If you are reading this blog, it is likely you’ve heard that Brazil has been doing quite well. Over the last decade, the country has powered forward, pulling tens of millions out of poverty, and has just now overtaken the United Kingdom to be the world’s sixth-largest economy. Why? Why is Brazil chugging along as(…)
