Brazil has recently surpassed Italy in terms of GDP
forbesindia.com
forbesindia.com
A combination of social policies, fiscal responsibility (or a semblance of it compared to other countries), agro business being the locomotive, a resurgence of heavy industry coupled with Gov. backing (aero/space, oil refineries, etc) and family consumption have helped the country recently.
The current president, and his party, deserves credit for many of those achievements but not all. Let's remember that this is a process that started on the 90s and, yes, accelerated under the current president and his party. Not all have been roses and there is plenty of criticism but it is a change of pace that was much needed.
If not been for the disastrous policies, COVID being the prime example, of the previous administration which turned the economy and politics upside down the country would be further ahead now. I would say we are back where we were, also 8th economy,
We still face many issues: dysfunctional congress, high inequality which leads to violence. But in general, I'd say, we are on the right path.
I have Brazilians in my team and have done business there (including Agrotoken [1]) which prioritized focus in that a agricultural business there. Having said so and comparing to Latam, I found Brazil state institutions such as the central bank and justice branch much more stable, and independent beyond the specific policies and political wing past governments had. Another example is the Pix payment system [1] which would be the envy of other countries. In a nutshell, Brasil could seem slow in many aspects but doing firm actions.
I am leaving aside the talk about poverty, climate change, etc which I think deserves a separate discussion and should be extended to many other countries.
Is real estate super cheap in Brasil? Does the state do something to stimulate baby making? Or are Brazilians just going at it without caring?
IDK about that. Are birth rates exploding in Russia and Ukraine in the past couple of years? From my PoV, reproduction rate also has a lot to do with education.
https://www.gmexconsulting.com/cms/brazil-is-big/
At least for Europeans.
That is not substantial by developed country standards. I have seen these meals be served and among other factors that contribute to the low price, the hygiene standards (or lack thereof) are horrific.
When currency differences makes something like a haircut or a lunch very cheap for a North American, there’s always a tradeoff involved.
Of course the concept of PPP makes sense, but it’s still partly nonsense in assuming equal quality around the world.
Any such adjustment isn’t going to be perfect, and there are other quirks (tax havens have artificially high GDP figures), but it’s a lot closer to what you want.
I think the interesting aspect is that they have room to grow, doing business in Brazil is not easy for foreigners. While this is true for Latam at large Brazil is also much different from the business perspective than other countries in the region. I think this is connected that they have a larger population which brings a big domestic market.
He is the most popular politician in Brazil and one of the most popular in the world. He didn’t get there by corruption.
Lula uses the commodity boom to enrich all population. A non radical international politic also helps. Bolsonaro fought with Chine, our main commercial partner
Lula is extremely unpopular and barely got elected despite massive support from media and political establishment. You are in a leftist information bubble. Try asking randoms on the street what they think of Lula.
Started a responsible fiscal policy, all ratings agencies improved the country grade.