Originally Posted by
VidaNaPraia
The economy here in Brazil is supposedly doing quite well, according to the world press, although in some areas of the country that has yet to "trickle down".
Growth forecasts have been scaled back.
http://www.bbc.co.uk/news/world-latin-america-18157513 Also, the high government debt is problemtic, though the President said she won't cut back social or infrastructure programs. There's also a high level of consumer debt (e.g., credit card debt), with interest rates ranging to over 150% per year. There is, as in many countries, both extreme wealth and extreme poverty. Cost of living is high. Americans complain about $4 gallon gas. Brazilians pay $5-6.