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UN Hints Brazil May Grow a Mere 0.5% in 2009

Itajaí­ port in Brazil Itajaí­ port in Brazil

Itajaí­ port in Brazil São Paulo, Brazil's stock exchange, the Bovespa,  suffered a heavy fall this Monday, December 1st, amid domestic and international pessimism. New studies see Brazil growing at a much lower rate, in 2009, than previously forecasted.

Bovespa's main index, the Ibovespa, went down 5.07% closing the day at 34,740 points. State-controlled oil multinational Petrobras and mining giant Vale saw their stocks reduced by over 7%.

A series of projections about the Brazilian economy released this Monday showed that economists are expecting a deceleration for the next year. The financial market, through a Focus report, is now for the first time forecasting a Gross Domestic Product increase (GDP) of below 3% in 2009.

A UN study says that Brazil may grow a dismal 0.5% in the coming year. And a report by investment bank Morgan Stanley suggests that Brazil may get into a recession early next year, i.e., going through two consecutive quarters of negative GDP.

The flood in the southern state of Santa Catarina, which has caused 114 deaths and left about 80,000 people without home, is also wreaking havoc at Brazil's exports.

According to the Foreign Commerce secretary of the Development Ministry,  Welber Barral, Brazilian exports fell US$ 370 million in November due to products that couldn't be shipped through the  Itajaí­ port, in Santa Catarina, which has been severely damaged by the rainfall.

"Itajaí­'s port," said Barral, "is extremely important. It is the country's second largest container port. It is much more important for exports than for imports. From it are shipped products with bigger added value, like manufactured goods."

Surplus

Trade surplus widened in Brazil in November as imports fell more than exports, the trade ministry said this Monday, December 1st.
Brazil posted a trade surplus of US$ 1.61 billion in November after a US$ 1.2 billion October surplus, government data showed, bringing to US$ 22.43 billion the surplus for the year to date.

Brazil's trade surplus has widened in six of this year's months and narrowed in five.

Exports fell to US$ 14.75 billion in November from US$ 18.5 billion in October while imports eased to US$ 13.14 billion from US$ 17.31 billion.

Investors are closely watching Brazil's trade balance for signs that sagging global commodity prices could sharply reduce exports.

Brazil's trade balance is expected to close the year at a surplus of US$ 23.6 billion, according to the latest central bank survey, having fallen in 2007 for the first time in seven years to US$ 40.04 billion.

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  • Show Comments (15)

  • dnbaiacu

    On Ch.c
    [quote]Why drag poor Ch.c into the scene, when he is sitting in his own corner causing no inconvenience to anybody ?
    [/quote]
    I love Ch.c’ s economic Truths. People need to be realistic. It is believing lies that hurts in the long run. Lies only TEMPORARILY stroke the fallen ego.
    You have people today thinking that all that is going on is simple a “corrective cycle”. NOT!!! They live in pipe dreams. It’s usually those that can’t stand the thought that they have been BAMBOOZLED. And only bescause they simply refuse to think OUTSIDE THE BOX. They prefer to follow “status quo”. And it is sad. 😥 😥
    Since when is anyone DOMINATED without a LIE being involved???? Could someone PLEASE answer that question.
    So I don’t understand all the apparent “aversion” to a so-called “conspiracy theory. If you believe in the Bible you should understand that a “conspiracy” IS IN EFFECT! And if you don’t believe in the bible, just understanding how governments work (research, study) , you will know that “conspiracy” is real.
    What’s beautiful is that a believer doesn’t have to wear himself out with so much “secular information” to come to the OBVIOUS CONCLUSION. 😉

  • dnbaiacu

    Joao..
    [quote]That is where the “Powerful Mind” comes into picture. BTW, I have read a bit about Hinduism as well as Buddhism also. Interesting religions and some how your line of thoughts seems to be closer to their teachings.
    [/quote]
    Interesting you brought that up. There is SOME truth in all religions,(from a biblical standpoint) .That’s the deception. There IS WATER in WINE.

    [b]17 And one of the seven angels that had the seven bowls came and spoke with me, saying: À¢€œCome, I will show you the judgment upon the great harlot who sits on many waters, 2À‚ with whom the kings of the earth committed fornication, whereas those who inhabit the earth were made drunk with the wine of her fornication.À¢€Â

    [/b]
    In most instances you have to “dig” for pure , potable , like from a well. As in ancient times. EFFORT is involved. It’s a choice.
    Most are lazy in this regard and settle for a cup of wine given them. It inebriates it’s consumer at some point. And worse is a diuretic.
    [quote]Enough of the religions for today[/quote]
    You always eventually say this.
    But this is the problem in India at this moment.. Is it not? Quando voce acredita em algo que “nao presta” , these are the results. 😉 You are spiritually drunk and you act a fool.
    Joao, the subject shouldn’t be wholly offensive. It is literally costing people their lives. Why shy away from the subject?
    The true answer to this is because it forces each and everyone of us to look within.
    And that’s a courageous thing to do 😉

  • dnbaiacu

    On The U.N
    [quote]They are only focused on building their own wealth[/quote]

    Falupa is on point.! It is about wealth .. But more so Power and Control. As we will all see.

    Joao
    “Conspiracy” should just be considered “more of the Truth”. It always takes effort to find “more of it”. Usually deliberately “hidden”. And takes a real “truth seeker” to notice it even if stares you in the face.
    Lies are usually comfortable and convenient. As Ch.c almost always helps us to see. 😉

    I agree with Falupa. There is a wide range of insight and humor on this site. I hope it doesn’ t disappear.

    Oh, btw,, Joao.. Everything I bring up is not of my own wisdom . I must make this clear. I am know prophet. ( as everyone is well aware) . Nor do I claim any special ability. Everything I say is Bible based. Nothing more , nothing less. I enjoy putting the pieces to the puzzle together. It’s exciting. And it keeps me well aware that I, like every other human , has a part , albeit small in the makings of the future. The mind is powerful.. And this IS the battle we are engaged in.
    The U.N is basically the modern “tower a Babel”. An entity in opposition to God disguised as something meant to bring Peace to the Earth. Something NO EARTHLY entity can ever accomplish.
    The mental challenge will be whether you believe this or not.
    Stay tuned

  • Falupa

    UN? What is the UN?
    I love listening to everyone’s comments on this network. I think it is one of the best networks out there and it really provides you with some of the best feedback about what others are thinking. It is usually the responsibility of it’s listeners to find flaws in the system. The UN is a terrible system I completely agree. They are only focused on building their own wealth!

  • dnbaiacu

    The United Nations…
    [quote]The UN is a failed idea from another time. For the money it spends, billions it accomplishes nothing. Its datum is as useless as tits on a boar. [/quote]
    DEFINETLY IS and will CONTINUE TO BE a “failed idea”.. But TRUST its coming influence it IMMINENT. The stage is being set. 😉
    It will be in everyones face in due time.

  • dnbaiacu

    Be Careful How You Judge…
    [quote]The UN cannot find its ass! [/quote]

    The U.N will be the “8th king” very shortly. “IN OUR LIFETIME”
    [quote]And there are seven kings: five have fallen, one is, the other has not yet arrived, but when he does arrive he must remain a short while. 11À‚ And the wild beast that was but is not, it is also itself an eighth [king], but springs from the seven, and it goes off into destruction.[/quote][b]Revelation 17:10,11[/b]

  • The cure for Ch C

    get a grip
    – poverty rate is decreasing
    http://www.newsweek.com/id/67850
    http://www.iht.com/articles/ap/2006/09/22/america/LA_GEN_Brazil_Poverty.php

    – undernourished citizens is at %7 of the nearly 200 million citizens (do the math…nowhere near 50 million) and steadily decreasing
    http://globalis.gvu.unu.edu/indicator_detail.cfm?IndicatorID=55&Country=BR

    – the murder rate is falling
    http://www.economist.com/world/americas/displaystory.cfm?story_id=11975437

    I don’t know where you get your stats from Ch C…but you sure hate Brazil for some reason. Do you post to sites on other countries?

    BTW, how old are you? You use exclamation points, question marks and emoticons like a 12-year-old.

  • João da Silva

    dnbaiacu
    [quote]Lies are usually comfortable and convenient. As Ch.c almost always helps us to see.[/quote]

    Why drag poor Ch.c into the scene, when he is sitting in his own corner causing no inconvenience to anybody ? 😉

    [quote]The mind is powerful.. And this IS the battle we are engaged in. [/quote]

    The mind is powerful indeed. I am no prophet either, but the “Books” of [i]all[/i] the religions have some good things to say and it is up to us to filter and interpret them in right ways. That is where the “Powerful Mind” comes into picture. BTW, I have read a bit about Hinduism as well as Buddhism also. Interesting religions and some how your line of thoughts seems to be closer to their teachings.

    Enough of the religions for today. 😀

  • João da Silva

    [quote]DEFINETLY IS and will CONTINUE TO BE a “failed idea”.. But TRUST its coming influence it IMMINENT. The stage is being set. It will be in everyones face in due time.[/quote]

    And Ya all better listen to our Guru in Conspiracy Theories. His prophesies always come true. 😀

  • observer

    Lula was “Mr. Decouple” a few weeks ago…..Lucky Lula is losing his touch

  • ch.c.

    A recession is 2 negative quarters in a row !!!!!
    Yessss….if for a specific country !
    But for World recessions or not, it is 3 % and below….. annualized (12 months – not calendar)

    And about “Look at Darfur. The UN is a failed idea from another time”
    Yesss…true.
    But then also look at Haiti with the U.N. MINUSTAH under the leadership of BRAZIL IF YOU DID NOT KNOW…and all THE NON BRAZILIANS soldiers are from EMERGING NATIONS !
    Still Noooo peace ! Killings and abductions are the name of the game….despite the MINUSTAH budget is over US$ 500 millions….per year…paid by developed nations….spent by Brazil and el al…with Nooooooooo Results !!!!
    Soldiers are accused of rapes, sexual abuses, sex with minors etc etc AND just like in Brazil…they of course get TOTAL IMPUNITY !!!!!

    i JUST REMIND YOU that haiti population is 9 millions ! Therefore a security peace annual budget of 500 millions is not small at all !!! This of course doesnt include the food help programs, and the supports of developed nations to finance the haitian government – administrations functions !!!!

    but….but…but…..with corruption at all levels…..money disappear ! Somewhat similar to what happens in…BRAZIL !

    – Brazil has by far the highest poverty rate in the World…when compared to its GDP per capita !
    – Brazil has 50 millions of UNDER NOURRISHED citizens, but is proud to export US$ 60 billions or so per year in agricultural products !
    – Brazil is ranked has one of the World Worst Country for the crime rates, 6 – 7 times higher than the USA ! Nearly 2 times more than South Africa already one of the World Worst !
    – Brazil is ranked 125th in the Doing Business Ranking !!!! A high bureaucracy totally inefficient is a guarantee of jobs creation…by definition !

    I could continue the list of the brazilian magical…failures…if you want ! ALL PROVEN…OF COURSE !

    In my view tits on a boar are more useful and effective than the Brazilian Model !

  • Wankoffski

    A recession is 2 negative quarters in a row. Not 0.5%. Negative, nada. The information from the UN is useless, look at Africa and all the UN has done there. Look at Darfur. The UN is a failed idea from another time. For the money it spends, billions it accomplishes nothing. Its datum is as useless as tits on a boar.

  • ch.c.

    The UN cannot find its ass!
    Mantega found his big own ass : he still predicts growth between 4 and 5 % for 2009!!!!!
    FEEL FREE TO SMELL IT AND LICK IT !
    Feel Free to eat and swallow it !
    This is what Mantega exspect from you and nothing else !

    He did the same until two weeks before Lula re-election :
    The first 9 months growth rate was wayyyyyyyyy below the 5 % target.
    Of course at year end, hte year ended at much below the target.
    No problem….Mantega changed the maths “methodology” to still show the 5 % !!!!!!

    Lula promised a 5 % economic growth rate since he was elected !
    Dont worry, he may deliver at whatever lies or maths & stats manipulation are necessary….with Lula Guarantee STAMP !
    And if he cant cheat as much as he wishes…then of course it wont be due to his policies but due to others policies !
    As usual ! Nothing new ! A classic Brazilian answer ! Dont worry ! Guaranteed !!!!!

    Ohhhhhh….by the way…many economists are predicting from 2 to 3 % ! the problem is that they are reducing their estimates nearly on a monthly basis.
    NOT A SINGLE ECONOMIST HAS YET RAISED HIS ESTIMATES FROM HIS PREVIOUS ONE…THUS FAR !
    Therefore you can easily guess what would be the average of their future revisions….for the time being !
    DOWN, DOWN AND DOWN….UNTIL some economists start to RAISE their estimates.

    BUT DONT WORRY…ROBIN THE CROOK SAID A FEW MONTHS AGO THAT BRAZIL IS IMMUNE !
    Short memory ??????
    You should not !

    Idiots will also remain idiots ! Same for liars and cheaters. Proven time and again !

  • Wankoffski

    [i]A UN study says that Brazil may grow a dismal 0.5% in the coming year[/i]

    The UN cannot find its ass!

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