According to Official Data from the World Bank, Brazil Grew More Than China for the First Time in Over 42 Years

Written by Bruno Teles

Published on 03/02/2023 at 10:35

Brasil cresceu ainda mais que a China (Foto/divulgação)

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The Official World Bank Data for Economic Performance in 2022 Is Out, and Here It Is: Brazil Grew More Than China for the First Time in Over 42 Years.

Paulo Guedes, the former minister, had already said this about the Brazilian economy in the middle of last year. His statement was met with a wave of indignation from leftist economists and analysts from major banks. They were all convinced that Brazil would not grow at all.

It is also worth noting that, in any case, the World Bank numbers put another nail in the coffin of the eternal excuses of the new president regarding the “cursed legacy” of his predecessor.

In reality, the new president received a country very well organized, from an economic point of view, when considering all the global circumstances and the devastating effects of two years of the Covid-19 pandemic. Inflation, below 6% per year, is even lower than in Europe and the United States. The unemployment rate in 2022 fell to about 8% – considered the best rate since 2014. International reserves above US$ 320 billion. Not to mention the poverty rates at the lowest levels in the last twenty years, according to the same World Bank.

ARTICLE CONTINUES BELOW

Brazil Will Grow More Than China, Says Paulo Guedes

Where is the “cursed legacy”? The cursed legacy, in reality, was the government left before the former president – an economy in ruins, with the largest recession the country has ever experienced in its history.

These real numbers will not disappear just because the new president invents a situation that does not exist. The Brazilian population will still have the opportunity to see for themselves what the new president has to present to the world.

According to Official Data from the World Bank, Brazil Grew More Than China for the First Time in Over 42 Years

The Official World Bank Data for Economic Performance in 2022 Is Out, and Here It Is: Brazil Grew More Than China for the First Time in Over 42 Years.

Brazil Will Grow More Than China, Says Paulo Guedes

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According to Official Data from the World Bank, Brazil Grew More Than China for the First Time in Over 42 Years

The Official World Bank Data for Economic Performance in 2022 Is Out, and Here It Is: Brazil Grew More Than China for the First Time in Over 42 Years.

Brazil Will Grow More Than China, Says Paulo Guedes

Is a smart plug worth it in a regular home? What does it offer: turns on and off via smartphone, creates routines by schedule, prevents forgotten devices, sometimes monitors consumption, and improves habits without renovation or miracles.

Geographers redefine the Brazilian relief and confirm the presence of mountains in 14 states with a new system that changes historical criteria and alters the way the territory is classified.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

Milei’s government launches surprise police operations on the streets of Argentina to hunt undocumented immigrants, but the government’s own data reveals that only 4% were irregular. Critics say it is a copy of Trump’s policy without real necessity.

Mexico surprises the world by building the future largest solar plant in Latin America, advancing with planned expansion to over 1 GW, and boosting solar energy in the country.

Electrolux surprises, closes colossal factory and lays off 400 people in a mass dismissal that will have a direct effect later this year, following a cost review, with an impact of R$ 272.5 million and R$ 109 million in cash in Chile.

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Indonesia is the largest producer of tropical seaweed in the world, and this market is already worth billions of dollars, but 90% of the production goes directly to China as raw material. Now the country wants to change the game and process everything on its own.

Scientists use artificial intelligence to create nearly indestructible steel that does not rust and could change the way industrial energy and oil parts are produced.

This extremely contagious virus has already affected 90% of the population of Brazil and has no cure.

Electrolux surprises, closes colossal factory and lays off 400 people in a mass dismissal that will have a direct effect later this year, following a cost review, with an impact of R$ 272.5 million and R$ 109 million in cash in Chile.