The Brazilian economic scenario
Posted: Wed Jan 22, 2025 10:42 am
Brazil is currently, at least if we consider the estimates of the International Monetary Fund (IMF), in the most serious economic depression since 1990. The forecast for a contraction in the economy in 2020 is 5.3%, surpassing the contraction of that year, recorded at 4.35%, according to an article published on the UOL portal.
The current stage of economic deterioration began in 2016, when the crisis in Brazil was beginning to take hold. This was the year that the fiscal crisis took shape in the states and the pension reform came into play — with all benin phone number list uncertainty that this generated. Furthermore, in 2016, interest rates rose substantially, and as a result, investor confidence fell, slowing down the economy.
What to do to overcome an economic crisis
Depression cannot be overcome overnight, nor can it be overcome with instant or miraculous solutions. Above all, it takes a lot of work, patience and resilience to turn a crisis into a real opportunity. Here’s how to do it.
Innovate
The Airbnb example is very useful because it illustrates how a crisis can be reversed, even in the worst-case scenarios. To do this, it takes a good dose of courage and creativity to see an opportunity to undertake in a bad economic phase.
The current stage of economic deterioration began in 2016, when the crisis in Brazil was beginning to take hold. This was the year that the fiscal crisis took shape in the states and the pension reform came into play — with all benin phone number list uncertainty that this generated. Furthermore, in 2016, interest rates rose substantially, and as a result, investor confidence fell, slowing down the economy.
What to do to overcome an economic crisis
Depression cannot be overcome overnight, nor can it be overcome with instant or miraculous solutions. Above all, it takes a lot of work, patience and resilience to turn a crisis into a real opportunity. Here’s how to do it.
Innovate
The Airbnb example is very useful because it illustrates how a crisis can be reversed, even in the worst-case scenarios. To do this, it takes a good dose of courage and creativity to see an opportunity to undertake in a bad economic phase.