Brazil 3 year long recession continues

"In real terms, GDP is now ten percent below its pre-recession peak. This is comfortably the worst recession in recorded history," Capital Economics’ Chief Emerging Markets Economist Neil Shearing wrote in a report.

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nytimes.com/2017/03/03/world/americas/brazils-leaders-tout-austerity-just-not-for-them.html
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Are you okay Brazil?

situation is so bad they're resorting to cannibalism

This is worse than Spain's crash, and we have a declining population.

Jajaja monjas

This is pathetic.

Enjoy socialism

BOLSONARO

t. Pablo Iglesias

Eh, unemployment is at 12% and the currency lost a lot of its international value but inflation is not that bad.

We lost purchasing power but people aren't starving or anything.

>tfw they're dragging us down too

I really need to finish my studies and get a job before the next crisis

The president enacted an austerity plan that literally froze all the public spending for 20 years. Which means Brazil will slowly spiral into total chaos in the coming years as cops, medics and teachers can't be paid anymore and infrastructure starts collapsing. Say goodbye to Brazil.

Your understanding of basic economics is hilariously bad.

Sounds like it's a pretty big depression m8

>socialism

April 2016 onwards has been neoliberalism mixed with populism and socialism.

They don't have socialism. Their current government is in power because of a slow burner coup, that's why that chart goes from zero to 202404214 debt in a month(hijacking). Problem is that the current right wingers are not capacitated to rule, they're just stealing everything.

Brazilian monkeys were really happy when it happened but not so much now, from what I noticed the average brazilian knows next to nothing of politics, they don't give a single fuck and believe EVERYTHING O Globo tells them when everyone outside Brazil that keeps himself informed knows that o Globo is a corrupt piece of shit media group that had ties with dictators since forever.

Now I remember 8 months ago when our government didn't recognize their current president and brazilian media and the people would make fun of le cisplatina xD.

Unemployment rose to 12.6% in Q4, real incomes fell 8%, and inflation is 6%.

Inflation is falling because your economy is literally demand-starved. It needs keynesian spending

Either your father is a politician or you're Guido Mantega. Someone can't be this ignorant.

nytimes.com/2017/03/03/world/americas/brazils-leaders-tout-austerity-just-not-for-them.html

U think so....

Well m8 we been in the gutter since we gave them independent statue and they cut our gold supply.
So for the entire duration off murica existence we been in reception, think about that n how do we manage to still be in dis motha.

Honestly, socialism would be better than their current shitshow

Their new government promised a recovery in Q3-Q4 2016.

Now most analysts expect another drop in Q1 2014.

The one good thing is the falling interest rates because their real demand collapsed. The Central bank is afraid to lower them too far though since oil rose 60% since last year

I'm voting for Freixo AND Lula in 2018

[¿?]

What are you talking about? The impeachment happened BECAUSE of the recession and Dilma's horribly bad policies, Temer is also a corrupt crook but at least he's more sane economically.

Do you even know what freezing public spending means? Your first post implies that they somehow will stop public spending but in reality it just means that they can't INCREASE public spending, they are still spending the same.
Our government is a bloated fucking mess and austerity is exactly what we need not just to combat the recession but to keep the government from getting even more bloated every year, I would support it even without this crisis.


You are a retard m8.

sabe de nada burro do caralho WTF se for pra escrever merda nem escreve, simplesmente deu nojo de ler isso

The spending will freeze, not time. In 20 years, all the medical equipment which comes from USA and Germany will be more modern and more expensive. Same goes for infrastructure technologies and the weapon industry. But obviously your little Brazilian brain can't process such things.

Brazil is officially dead.

>BRIC Countries
>mfw the only country with some economy there is China

And more: The austerity plan INCREASES the minimal allowed spending on healthcare and education, so if you even think that it will somehow "destroy" Brazil you are sorely mistaken.

Increasing spending every year is simply unsustainable, we need to pay debts, not increase them.

The TOTAL spending is frozen you retard, they can still spend more on healthcare and education as long as they decrease spending for other things (and trust me, there is a LOT of fat to cut).
The fact that you even thought that public workers would somehow stop getting paid shows that you get your economic advice from fucking PT's blog, the private sector is being choked by death and here you are crying over one of the most bloated governments in the world.

I'm sorry Zé but you will have to get a job, relying on the government for everything is not a healthy way to live.

>tfw mexican inflation is projected to be 5% this years, maybe even worse
I wish I could switch geographical places with Brazil god damn it. Or any other country, really, except for Canada.

>The fact that you even thought that public workers would somehow stop getting paid shows that you get your economic advice from fucking PT's blog, the private sector is being choked by death and here you are crying over one of the most bloated governments in the world.

Bolsonarista detected. Your retarded candidate has no chance of winning, goodbye.

Bolsonaro is a state cuck too, recently he has been flirting with libertarianism thanks to his newfound fanclub of ameriboos but he's still a statist at heart and doesn't even have any coherent economic policies.

I'm a NOVO boy, I would only vote on Bolsomeme to combat whatever commie the leftists find next.

Oh and look at this:
g1.globo.com/economia/noticia/2015/06/pelo-5-ano-brasil-e-ultimo-em-ranking-sobre-retorno-dos-impostos.html

Brazil in last fucking place in taxes being translated into well-being for the population for the 5th consecutive year.

So much for the government big daddy huh, I bet you are really happy about this wonderful country with no problems at all and impeccable public institutions. What a great example of a country.

BRICKS MEME HAHAHAHA

nice

>Old Worlders comfort themselves with the meme that the New World is only rich because of space and resources
>Places like Brazil exist

Makes you think

I love this maymay about Brazil being full of resources. Specially coming from am*rigans.

>I love this maymay about Brazil being full of resources. Specially coming from am*rigans.

Lolwut

This is a meme created by old world europoors about us, claiming we (new worlders) only got rich because of natural resources and land, plus immigration.

Obviously it isn't so as such ingredients existed across the new world to little success

Am*rigans don't know much about Brazil's resources aside from vaguely knowing there's logging disputes in the Amazon, Bananas, Brazil Nuts and a big cattle industry

>China's economu will collapse any day no-

We do benefit immensely from our near infinite resources.

Consider our oil from fracking. Europe has practically no nonconventional oil because of their relatively new geologic features.

Brasil WILL be the world leading Superpower in 50 years

gib gold back and maybe we will