Andreas S. Koudellou

Brazil the World’s 6th Largest Economy

In Culture, default, Economic Institutions, Environment, Financing Reconstruction, FX, Global Economics, latin america, macroeconomic factors, Multibillion, Nuclear, philanthropy, price volatility in energy, spillover effect on November 2, 2011 at 1:49 am

Since 1990, the poverty rate in Brazil has halved, declining on average by 1.2% a year. This year Brazil’s economy is forecast to grow by 3.6%. Brazil is on track to overtake Britain to become the sixth largest economy in the world.
With a GDP per person, at around $11,000, Brazilhas been growing at an average annual rate of 1.7% since 1990. Nevertheless, despite these government led initiatives further action is needed. 8.5% of Brazil’s population still live on less than $1.50 a day.

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