Brazil Heads For Worst Recession Since 1901 Optimism Arg

[Pensador]

http://www.bloomberg.com/news/articles/2016-01-04/brazil-analysts-ring-in-new-year-with-deeper-recession-forecast

This definitely going to effect the Mercosur!

Yet there is optimism for Argentina Macri " Has a first rate economic team" " Though he faces a tough job he will be able to bring it off"

Interesting....

 

[Noesdeayer]

1901? They probably meant to say 2001.
At any rate 2016 is going to be a very tough year for Brazil .Luckily,they are going to wave visas right in time for the Summer Olympic Games Aug.8-21.
Those who know and admire Brazil for among other things their free and functional judicial system will keep rooting for them to come out of this on top.
O Brasil Pra Frente ! Forward Brazil !

 

[camberiu]

1901? They probably meant to say 2001.

Nope, 1901.

"If the country is in crisis, why then is this store chain called "For Rent" growing so much?"

 

[camberiu]

"If the country is in crisis, then why is this store chain called "for rent" growing so much?"

 

[EdRooney]

I would love to hear how having its largest trade partner go into prolonged recession is "optimistic" for Argentina.

Edit: no mention of Argentina in the Bloomberg article. The quotes in the OP do not seem to exist anywhere on the internets. Memo to self: re-engage ignore function.

 

[Pensador]

I would love to hear how having its largest trade partner go into prolonged recession is "optimistic" for Argentina.

Edit: no mention of Argentina in the Bloomberg article. The quotes in the OP do not seem to exist anywhere on the internets. Memo to self: re-engage ignore function.

I should have clarified the quotes were from the video embedded in the web page.

 

[Pensador]

Just an FYI we have seen a significant decrease in the Brazilians vacationing in the Punta Del Este region this summer.

 

[camberiu]

The fact that Macri ended the currency and export restriction should soften the blow somewhat in the short term. Medium-Long term, Brazil will enter a full blown depression, and the effects in Argentina will be significant.

 

[sleslie23]

I would love to hear how having its largest trade partner go into prolonged recession is "optimistic" for Argentina.

Edit: no mention of Argentina in the Bloomberg article. The quotes in the OP do not seem to exist anywhere on the internets. Memo to self: re-engage ignore function.

They can always sell more land to China.

 

[Matt84]

They can always sell more land to China.

In Argentina that is not a privilege seen as exclusive to Brazil, like sugarcane it also exists, albeit in less competitive proportions.
In Uruguay you could begin selling built up real estate to China. I hope Trump's investment in Punta will alert both parties.