Brazil is the seventh-largest economy, has announced the Treasury Guido Mantega. Brazil, however, is faced with the resulting increase in inflation which currently affects about 6% and, above all, food and basic necessities.
Brazil is the seventh-largest economy, made the announcement last week, the Treasury Minister Guido Mantega. In eight years the South American country and then climbed five places in the world rankings.
The news caused a sensation view of economic growth in 2010: as reported dall'IBGE (Brazilian Institute of Geography and Statistics), GDP grew by 7.5% compared to 2009, industrial production increased by 10.5%, agriculture and livestock 6.5%, and created 2.5 million new jobs.
Hand in hand with economic growth, however, there were two problems that are putting a strain on the government of the newly elected president Dilma Rousseff: excessive appreciation of the real inflation that currently affects about 6% and , primarily , food and basic necessities. To cope with this situation, the Brazilian Central Bank increased the Selic rate (for the second time this year) by half percentage point 11, 75%. In support of the anti-inflationary policy, the government has also ratified its decision to maintain the tight macro-cutting budget expenditure of 30 billion dollars. Mantega Minister stated that: " social plans will not be touched but set aside the benefits enacted in 2009 and 2010 to tackle the global economic crisis " The budget also does not cover the funds allocated for projects addressing the World Cup 2014 and the 2016 Olympics.
Minister Mantega stated that it wanted to scale down the trend in 2011 by maintaining a stable growth and reasonable between the 4,5% e il 5% nel 2011, aggiungendo che l’attuale rallentamento è positivo, poiché frena l’inflazione.
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