Economic Concern in South America Essay
American InterContinental University Abstract I am an employee of the World Bank. I was recently asked to conduct some research of an economic concern in a country in South America. After narrowing down my choices, I decided to take a closer look at Brazil. As a part of my research, I will be looking at their Gross Domestic Product (GAP). During this time, I will specifically be looking for relationship between their GAP and their economy as well as searching for any trends in the data.
As an employee of the World Bank there is some much information that I must now about the different economies in the world. Today, I will be researching the economy of Brazil. I will be researching its GAP and looking at the relationship between their GAP and their economy. Along the lines I will be carefully looking for any trends in the data and supporting them with statistical data. Brazil is the largest country in South America and is the fifth-most populated nation in the world. Brazil also has the seventh-largest economy in the world. The gross domestic product value of Brazil represents 3. 93% of the world economy.
In 2010, Brazier’s gross domestic product was
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Brazil is considered to be a middle class consumer river economy. Brazil was a country once known its macroeconomic incompetence. In 2008, the Brazilian economy was severely affected by the crisis. Their currency decreased 20% to 2. 33 to the dollar. Brazier’s growth expectations were decreasing, from 3. 3% to 2. 2 %, and this had a direct impact on their currency. Brazil was one of the first emerging markets to begin its recovery. Many expected Brazil to face a decoupling but the GAP growth made a good recovery in the second quarter of 2009.
The consumer and investor confidence improved and the gross domestic product Roth increased as well in the second quarter of 2009. The Brazilian system showed a great sign of resilience with the fact that their banking system did well during this time. The economy has slowed down a bit, growing Just 2. 7% in 2011, and 1. 3% in 2012. Brazier’s economy grew only 0. 9% in 2012, and the way things are looking, they are unlikely to experience a rapid recovery this year. Brazier’s GAP growth forecast for 2013 dropped to 3. 0% from the International Monetary Fund’s initial estimates of 4. 6%