Topic > Essay on the economy of Brazil - 597

BRAZIL IN GENERALBrazil's economy is characterized by a large and well-developed agricultural, mining, manufacturing and service sector. Brazil is expanding its presence in world markets. Brazil is the country with the largest agricultural production in Latin America. Excessive production also led to the export of agricultural products to other countries. Since 2003, Brazil has steadily improved its macroeconomic stability, accumulating foreign reserves and reducing its debt profile. After strong growth in 2007 and 2008, the global financial crisis hit Brazil in 2008. Brazil has traditionally had high unemployment and the level of income inequality has decreased in each of the last 14 years. However, Brazil was one of the first emerging markets to start a recovery after the financial crisis. Brazil's high interest rates have made it an attractive destination for international investors. GDP OF BRAZIL Brazil is an emerging country and at the same time is the seventh largest economy in the world. Brazil is one of Goldman Sach's "BRIC" (Brazil, Russia, India, China) economists...