Despite US Slowdown, Smooth Sailing Forecasted for Brazil

    The global economy is expected to grow less in 2006, but the slowdown in the US, European, and Japanese markets should not derail development in emerging countries like Brazil.

    This is the assessment made by the executive director of the World Bank (IBRD), Otaviano Canuto, at a seminar, "Prospects for the Brazilian and Global Economy in 2006," in Rio de Janeiro, in the Brazilian southeast.

    According to Canuto, the emerging markets, which have changed for the better, are not faced with the likelihood of crisis or recession.

    "The situation in the emerging markets will not be affected by a possible mild setback in the global economy. No country is in bad straits, and this goes for Brazil," he added.

    Canuto observed that 2006 began under a cloud of anxiety cast by the disappointing Gross Domestic Product growth in the United States in the final quarter of last year. Nevertheless, he considered that the effects did not spill over into the European and Asian economies in January.

    The executive pointed out that the major positive impact on the global economy this year will be the incorporation of 40% of the world’s population into the labor force. And this covers only the influx of Chinese and Indian workers.

    Agência Brasil

    Tags:

    • Show Comments (2)

    • Guest

      correction….
      . for China total exports US$ 760 billions and imports 660 billions !

    • Guest

      inapropriate statement !
      It should have been : no country is in bad straits YET !

      If the EU, or the U.S. will have an economic slowdown, some developing countries will have a far more pronounced slowdown.

      Simply because most developing countries dont have high internal demand they always count on their exports to developed countries !

      Brazil is the perfect example : your trade surplus was 50 % more than your total imports (Us$ 118/76 billions), while China numbers were only 15 % (Us$ 760/66billions) !!!!!

      And with whom did you get your biggest trade surplus ? The U.S.A. and the EU which also happen to be by far your 2 biggest trading partners !

      Some bad news are on the horizon….for you !

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    40% of Brazilians (72 Million) Have Not Enough Food. 14 Million Live in Hunger

    Around 14 million people in Brazil live in constant hunger, and over 72 million ...

    Volkswagen and GM Jump on Brazil’s Biodiesel Bandwagon

    Research for the use of biodiesel is progressing fast all around the world. A ...

    Brazil to Sell 7 Million Popular Computers. Only 17% of Homes Have One

    Brazil’s National Economic and Social Development Bank (BNDES) announced Monday, February 13, its approval ...

    Davi Kopenawa

    Brazil’s Yanomami Leader Gets Death Threats from Illegal Goldminers in the Amazon

    Brazil’s Yanomami shaman and spokesperson Davi Kopenawa, who has led the struggle for the ...

    Brazil's Supreme Court

    Brazil: Corruption Is Just One of 7 Crimes Mensalão Defendants Are Charged with

    Brazil’s Supreme Court (STF) finally began to judge the case of the “mensalão” (the ...

    Brazilian Left Tries to Rally Behind a Scorched Lula

    On June 19, the national directorate of the Workers Party (PT) of Brazil called ...

    Brazil Calls Doha Round Talks Collapse a Major Setback

    Negotiations for a new global free trade agreement fell through Monday, July 24, after ...

    In Brazil, a Full Week of Bad News in Politics and the Market

    Latin American markets ended mixed, with share movement somewhat muted. Brazil posted its fifth-straight ...

    Not made in China

    Brazil’s Industry and Labor Unions Pull Together to Fight Chinese Imports

    Fiesp, São Paulo state’s Industrial Federation and labor unions have joined forces to create ...

    Brazil Ends Tax for Over 1000 Drugs

    Brazilian President Luiz Inácio Lula da Silva signed May 19 a decree that exempts ...