It is nothing new that Brazil is viewed around the world as a “nation of the future.” The problem is that there are always setbacks that do not help to effectively promote this place in large economies around the world.
However, the latest indicators are positive and can affect all Brazilians. Understand exactly what the numbers show and what the president has said about the potential for change that can be effective and reach the general population in the coming months or years. Stay tuned!
Brazil’s economy grew in the second quarter of 2023
This is the news that has analysts across the country looking carefully and positively at the financial statements.
a The Brazilian economy grew by 0.9% in the second quarter of 2023 Compared to the previous period. The figure is taken from the quarterly System of National Accounts, which releases data on gross domestic product.
This news was announced by the Brazilian Institute of Geography and Statistics (IBGE) on the first day of this month.
Although it seems like a small number, 0.9% shows that Brazilian economy growth 3.4% Compared to the same period in 2022.
The result was much higher than expected growth expectations – which ranged between 0.1% and 0.3%.
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President Lula spoke about growth
Shortly after the positive numbers were released, President Luiz Inacio Lula da Silva spoke about the country’s growth.
According to him, the country’s GDP should be distributed. In other words, this growth must reach all of Brazil’s population in different ways.
In the words of the President:
- “We cannot continue to watch GDP growth on television, but it is not distributed […]. GDP started growing and spreading when we decided to increase salaries by 77%, when we ruled this country again. Lola stated.
So it seems that this growth will now not be limited to major producers or owners of large companies in the country. The goal is for these numbers to rise and reach the entire population.
How does the country’s growth affect everyone?
Finally, it is important to remember that a stable economy should ensure quality of life for more people.
The movement that is being seen in this direction, for example, is the reduction of the Selec rate, which is the base interest rate in Brazil. As a result, prices for services and products may decrease or stabilize.
According to recent research, an example of products that are affected and reach the population is meat. It seems that production in the country is increasing and prices are falling. Another factor is rising fuel prices, which are much more controlling than they were a few months ago.
The President spoke categorically about this:
- “these people [alguns economistas] You have to understand that the money in this country has to be spread into the hands of many people. Because if the money remains in the hands of a few people, it is a concentration of wealth: but if the money is distributed to a large number of people, then it is a lot of people […] Buy and produce something, this money will generate more jobs, more development, more trade, and will generate more factories. The president said.
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