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Flying Too High for Safety
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 395 no. 8683 (May 2010)
,
page 43-44.
Topik:
Economic Growth
;
Economic Policy
;
Politics
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.63
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Everything indicates that over the past six months Brazil's economy has grown at an annualised pace of over 10%. Even allowing for an expected slackening, many analysts forecast that growth in 2010 will be 7%--the highest rate since 1986. The problem is that while it may be growing at Chinese speeds, Brazil is not China. Because it still saves and invests too little, most economists think it is restricted to a speed limit of 5% at the most, if it is not to crash. The growth spurt is partly the result of the stimulus measures taken by President Luiz Inacio Lula da Silva's government when the world financial crisis briefly tipped the country into recession late in 2008. The trouble, say critics, is that much of the extra government spending is turning out to be permanent--and so the economy is starting to resemble a Toyota with the accelerator stuck to the floor. The strain is showing.
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