Brazil, Worse Than Paraguay
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It’s one thing to be worse than Argentina, Brazil’s long-time rival. But Paraguay, too? That country is practically non-existent in the South American economies. But it’s true. Other than post-Chavez Venezuela, Brazil is the worst out of 11 countries ranked by a joint study conducted by Brazilian and German economic think tanks.Germany’s Ifo Institute and Brazil’s Getulio Vargas Foundation (FGV) released their World Economic Survey on Wednesday revealing that the Latin American economic outlook has dropped from 90 to 84 between April and July. The numbers look high, but don’t be fooled. It’s the lowest they’ve been for the region since July 2009, when the U.S. and Europe were deep in the throes of the Great Recession. Back then, it was 80 points.
All three economic indicators created by FGV and Ifo to review the Latin American economies are on the decline.
After Venezuela, Brazil is the worst of the bunch.
In recent survey on Latin American economies, Brazil at bottom of the heap.
Even Argentina was better, with an economic climate indicator of 57. Paraguay is booming, at 105.
Compared to the rest of the world, the economic climate in Brazil is worse than Russia — which is facing increasing pressure from sanctions levied by both the U.S. and European Union — as well as China — which is facing a fragile economic recovery. India and South Africa are also doing better than Brazil, the survey showed.
Within the other two indices ranked by Ifo and FGV, Brazil also scores at the bottom.
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