A team of experts working for the administration of President Dilma Rousseff has warned of the existence of a “real estate burble” in Brazil with the value of houses soaring 165% in Rio do Janeiro and 132% in Sao Paulo in the last four years.
Talk to an economist about Brazil and sooner or later the same old cliché will pop up: ‘the rise of the middle classes’.
This stock phrase has become the go-to explanation for pretty much everything in Brazil; from why the country’s retailers are posting record profits, to why traffic is so bad in São Paulo, and why Chinese manufacturers are lining up to invest in local factories.
|Grabbed Gringo.Floripa’s post off Gringoes.comAuthor: Gringo.Floripa
Subject: Salário mínimo
Posted: 10 February 2011 at 07:15
|Source: Veja magazine (Nov 2010)|
2002 = 200
2006 = 350
2010 = 510
2011 = 540(US$)
2002 = 67,10
2006 = 155,78
2010 = 284,90
2011 = 323,35 (@1.67)
2002 = 11,7%
2006 = 10,6%
2010 = 6,2%
2002 = 28,7 million
2006 = 35,2 milhões
2010 = 43,1 milhões
2002 = 131,1 bilhões
2006 = 303,4 bilhões
2010 = 714,5 bilhõesHome Sales Financed
2002 = 283 000
2006 = 522 000
2010 = 930 000 (projected)
(total number)2003 = 3,6 million
2006 = 11 million
2010 = 12,7 million
|New Vehicle Sales:
2002 = 1,5 million
2006 = 1,9 million
2010 = 3,4 million
|A good read. 151 page PDF fileRio de Janeiro, Brazil, 16 April 2009– The World Economic Forum released today The Brazil Competitiveness Report 2009, the first ever study of this type for Brazil. The findings of the Report are being presented and discussed at the World Economic Forum on Latin America in Rio de Janeiro. The Report is the result of collaboration between the World Economic Forum and Fundação Dom Cabral.Using the Global Competitiveness Index’s methodology and the latest thinking in competitiveness research, The Brazil Competitiveness Report 2009 provides a comprehensive overview of the country’s current competitiveness landscape, highlighting strengths and problematic areas. Ranked 64th in the Global Competitiveness Index 2008-2009, Brazil posted a remarkable eight-place improvement since last year, with progress experienced in the institutional environment and labour and financial market efficiency, among others. The Report finds that weaknesses remain in the macroeconomic environment, institutions and goods and labour markets, while notable strengths are its market size as well as its sophisticated and innovative business sector.
Insightful contributions on specific challenges and opportunities for Brazil’s competitiveness written by leading academics and experts, such as Paulo Resende, Associate Dean and Coordinator of the Infrastructure and Logistics Department, Fundação Dom Cabral, Brazil and Claudia Costin, Secretary of Education of the Municipality of Rio de Janeiro, among others complete the Report. Some of the issues explored in depth include: infrastructure, public institutions, environmental sustainability, business sophistication, foreign direct investment, and innovations in the agribusiness sector.
Click here for the full report.
“The Brazil Competitiveness Report 2009 is being published at an important moment for Brazil’s national competitiveness agenda, given the challenges brought about by the current global economic downturn,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. “Against this daunting background, it becomes even more urgent for Brazil’s public and private sectors to address together the weaknesses in the country’s competitive environment, while at the same time dealing with the negative implications of the global economic outlook. All relevant national stakeholders need, more than ever, to unite forcefully in the definition and implementation of a comprehensive competitiveness strategy that is able to ensure sustained economic growth and prosperity for the benefit of all Brazilians for many years to come.”
The Report contains detailed country profiles for Brazil and eight relevant comparator countries, providing a snapshot of each economy’s competitiveness landscape.
The editors of the Report are Irene Mia, Director and Senior Economist, World Economic Forum; Emilio Lozoya Austin, Director and Head of Latin America, World Economic Forum; Carlos Arruda, Professor of Innovation and Competitiveness, Fundação Dom Cabral; and Marina da Silva Borges Araujo, Economist, Fundação Dom Cabral.
Over the years the joke was “Brazil is a country of the future and always will be.” Much talk now of Brazil having arrived. It may not have arrived yet, but for sure, it has had impressive growth.
| Paulo Prada-The Wall Street Journal, 03/15/10
Most bank managers fret about bad loans or a run on deposits. Luzia Moraes has to worry about a leak in the hull, bandits and rainstorms that keep clients away for weeks.
Ms. Moraes, a 43-year-old former housewife, is at the helm of a swashbuckling new venture in Brazil—as manager of the first floating bank branch on the Amazon river system. From a riverboat, she peddles banking services in a frontier where people don’t have much money—let alone experience with ATMs, savings accounts or personal loans.