Diplomacia e Relações Internacionais
Mimistros da economia, mesmo que não o confessem, adoram moedas valorizadas: assim, qualquer Pibinho vira um Pibão, e eles saem por aí cantando vantagens e alardeando glórias que eles não têm, justamente, porque não fizeram nada para isso, ao contrário: sempre arrancam um naco do PIB, ou do valor agregado pelas empresas e pelos trabalhadores, para gastar em inutilidades como essa mania de dar dinheiro para ricos industriais.
Quem faz o PIB é a sociedade, não os ministros da economia, que dependendo do seu grau de incompetência, sempre estão cantando vitórias quando deveriam ficar quietos.
Mas eles adoram Pibões: deve ser freudiano...
Paulo Roberto de Almeida
Measuring Brazil's economy
Statistics and lies
The Economist, March 10th 2011
Very big, but not the world’s fifth-largest economy quite yet
SÃO PAULO - THE release of last year’s economic figures on March 3rd was cue for much crowing in Brazil. The economy grew by a blistering 7.5%, a rate unmatched since 1986. Since the currency started 2010 strong and ended it stronger, a GDP of 3.675 trillion reais converted at the year’s average exchange rate into $2.089 trillion. This meant that Brazil overtook Italy to rank as the world’s seventh-biggest economy (see chart). And income per head in Brazil has surpassed that in Mexico.
The president, Dilma Rousseff, welcomed the figures, but warned Brazilians not to expect a similar rise in 2011. Worried about overheating, her government is trimming 50 billion reais from this year’s budget. On March 2nd the Central Bank raised interest rates by half a percentage point for the second time this year. The aim is for growth to ease to a more manageable annual rate of 4.5-5%.
But her finance minister, Guido Mantega, could not resist a little boosterism. Brazil had grown fifth fastest of the G20 countries, he said, adding that, if its GDP were calculated taking into account purchasing power, it had overtaken Britain and France, too. Some of his listeners inferred that it had become the world’s fifth-biggest economy. (But the same trick bumps Russia and India up from tenth and 11th respectively to fourth and sixth, leaving Brazil seventh overall.)
It was a confusing performance, and many were duly confused. The following day Brazilians were told by some of their newspapers that they were living in the world’s seventh largest economy, and by others, the fifth. Jim O’Neill of Goldman Sachs, who coined the BRIC acronym in 2001, sent an e-mail to clients in which he asked why Brazil’s ascension to the top five had attracted so little comment.
Converting currencies by purchasing power, rather than market rates, is useful when comparing living standards in different countries. But measuring GDP in current dollars shows an economy’s international clout—and by that yardstick, Brazil needs no statistical smoke and mirrors. Even the modest 4.5% growth Ms Rousseff hopes for is likely to be more than France or Britain manages in 2011. And with interest rates and the price of its commodity exports rising, there is no sign of the real weakening much. Brazil did not break into the big five last year. But it may well do so during this one.
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A economia brasileira vem crescendo, de fato, mas nem sempre de forma saudável. Excesso de crédito público, maquiagens contábeis do governo para esconder empréstimos do Tesouro ao BNDES, juros aumentando, enorme custo fiscal das reservas internacionais,...
Diplomacia e Relações Internacionais
Brasil: por que me ufano do meu Pibao?
Mimistros da economia, mesmo que não o confessem, adoram moedas valorizadas: assim, qualquer Pibinho vira um Pibão, e eles saem por aí cantando vantagens e alardeando glórias que eles não têm, justamente, porque não fizeram nada para isso, ao contrário: sempre arrancam um naco do PIB, ou do valor agregado pelas empresas e pelos trabalhadores, para gastar em inutilidades como essa mania de dar dinheiro para ricos industriais.
Quem faz o PIB é a sociedade, não os ministros da economia, que dependendo do seu grau de incompetência, sempre estão cantando vitórias quando deveriam ficar quietos.
Mas eles adoram Pibões: deve ser freudiano...
Paulo Roberto de Almeida
Measuring Brazil's economy
Statistics and lies
The Economist, March 10th 2011
Very big, but not the world’s fifth-largest economy quite yet
The president, Dilma Rousseff, welcomed the figures, but warned Brazilians not to expect a similar rise in 2011. Worried about overheating, her government is trimming 50 billion reais from this year’s budget. On March 2nd the Central Bank raised interest rates by half a percentage point for the second time this year. The aim is for growth to ease to a more manageable annual rate of 4.5-5%.
But her finance minister, Guido Mantega, could not resist a little boosterism. Brazil had grown fifth fastest of the G20 countries, he said, adding that, if its GDP were calculated taking into account purchasing power, it had overtaken Britain and France, too. Some of his listeners inferred that it had become the world’s fifth-biggest economy. (But the same trick bumps Russia and India up from tenth and 11th respectively to fourth and sixth, leaving Brazil seventh overall.)
It was a confusing performance, and many were duly confused. The following day Brazilians were told by some of their newspapers that they were living in the world’s seventh largest economy, and by others, the fifth. Jim O’Neill of Goldman Sachs, who coined the BRIC acronym in 2001, sent an e-mail to clients in which he asked why Brazil’s ascension to the top five had attracted so little comment.
Converting currencies by purchasing power, rather than market rates, is useful when comparing living standards in different countries. But measuring GDP in current dollars shows an economy’s international clout—and by that yardstick, Brazil needs no statistical smoke and mirrors. Even the modest 4.5% growth Ms Rousseff hopes for is likely to be more than France or Britain manages in 2011. And with interest rates and the price of its commodity exports rising, there is no sign of the real weakening much. Brazil did not break into the big five last year. But it may well do so during this one.
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- The Economist Tambem Critica O Keynesianismo De Botequim (talvez De Pileque...)
Brazil’s economy: The deteriorationSlow growth, stubborn inflation and mounting deficits The Economist, December 5, 2013 A SINGLE economic figure can boost or batter a politician’s standing. That makes it tempting to offer sneak peeks of the...
- Brazil's Economy: Back To The Eighties?
http://blogs.ft.com/beyond-brics/2013/01/15/brazils-monetary-jeitinho/#ixzz2I9ww8xlc Brazil’s monetary jeitinho Financial Times, Jan 15, 2013 by Samantha Pearson If there’s one Portuguese word you need to learn before coming to Brazil it’s jeitinho....
- Interventionist Brazil: State Acknowledges Its Inneficiency
Brazil changes tack with new stimulus plan By Joao Fellet BBC Brasil, Brasilia, 14/08/2012 Brazil's government is set to launch the first in a series of measures that could inject up to $50bn (£32bn) into the economy over the next...
- Brazilian Economy - The New York Times
After a Year in Economic Overdrive, Brazil Hopes to Elude Pitfalls By ALEXEI BARRIONUEVOThe New York Times, October 8. 2011SÃO PAULO, Brazil — In the first major test of her stewardship of Latin America’s largest economy, President Dilma...
- Uma Bolha Economica Chamada Brasil - The Economist
A economia brasileira vem crescendo, de fato, mas nem sempre de forma saudável. Excesso de crédito público, maquiagens contábeis do governo para esconder empréstimos do Tesouro ao BNDES, juros aumentando, enorme custo fiscal das reservas internacionais,...