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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.
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Brazil becomes the ‘country of inequality’ with the rich’s earnings growing almost 3 times more than the poor’s, and the wage gap reaching 13.8.
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Pulp megafactory enters its heavy phase: 14,000 workers will be mobilized in the coming months in the small Brazilian town
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Luciano Hang reveals invitations to take Havan to the United States, Argentina, and Paraguay, but guarantees that the expansion will remain in Brazil until all 5,500 municipalities have a store, and this year’s goal is to inaugurate until reaching 200 units.
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Generation Z works, studies, and strives, but cannot afford to buy their own home because the real estate market has risen faster than salaries, and the banking system has tightened credit for those who lack stability or surplus income.
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.
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