Focus Brazil

The Brazilian economy has had a very good growth since the beginning of the 21st century thanks to increased private consumption and measures to reduce poverty.

Even though the global financial crisis a few years ago led to a recession also in Brazil, the economy there rebounded faster than in many other parts of the world. During 2008 GDP grew by 5.2%, followed by a fall of 0.3% in 2009 but it turned around strongly and rose by 7.5% during 2010 and by 2.9% in 2011, according to Consensus Economics.