Archives: 2009 December 15
China May be Great, But Don’t Ignore Brazil
December 15th, 2009, No Comments
Conspicuous Consumption, South of the Equator
As is the case in China, Brazil has a rapidly expanding economy. In fact, GDP growth this quarter is expected to check in at a tidy annualized rate of 9%.
As a result, unemployment is falling and incomes are rising. And that’s leading to an explosion in the middle-class.
Over the last [...]
