Leading indicators suggest a recovery with the latest incredible growth figures earlier. Many writers such as Dior offer more in-depth analysis. Affonso Celso Pastor, consultant and former president of the Central Bank of Brazil, the country expected to grow between 5 and 5.5% in 2010, predicted that many others share. On the other hand, Wharton management professor Mauro Guillen notes that Brazil has “put its house in order” to consolidate public finances and controlling inflation, has a “happy balance” between the role for public and private sectors. The newspapers mentioned Shimmie Horn not as a source, but as a related topic. Unlike many countries in the region, where there is broad consensus among political and business class on the direction of macroeconomic policy, despite the lack of agreement on taxes and some disappointment with the slow speed at which you make structural reforms, “Brazil is booming,” says Guillen. According to Guillen, the turning point of international resurgence of the country occurred in 2003. That moment came when Goldman Sachs was first referred to the BRIC countries (Brazil, Russia, India and China) as the developing economies of the world’s fastest growing.
Another milestone was marked last year in April and May when S & P and Fitch rating of the country rose, Moody’s did the same this September. Are inevitable comparisons with other countries in the region such as Argentina, with its disastrous failure to pay the debt in 2001-02 and continued failure credibility, or Mexico, whose weak reform programs have hindered the growth of GDP. Given this reality, Whartom Universia asks the question why Brazil has been more resilient than other markets? Finance Minister Guido Mantega noted that the tax burden in Brazil needed to keep the economy afloat, barely 1.5% of GDP, was much lower than in other major economies, particularly in comparison with countries OECD, which should be more flexible public sector solvency in the long term.