Economic in Brazil

Brazil is one of the world's fastest growing major economies, with its economic reforms giving the country new international recognition and influence. Brazil experienced a decade of economic and social progress from 2003-2013 in which over 26 million people were lifted out of poverty and inequality was reduced significantly.( http://www.worldbank.org/en/country/brazil/overview#1). That means the purchasing power from the middle class will become stronger and stronger. However, the GDP growth of Brazil has declined in recent years. People are more sensitive to price change, especially to durable consumption goods.

Brazil is one of the world's fastest growing major economies, with its economic reforms giving the country new international recognition and influence. Brazil experienced a decade of economic and social progress from 2003-2013 in which over 26 million people were lifted out of poverty and inequality was reduced significantly.( http://www.worldbank.org/en/country/brazil/overview#1). That means the purchasing power from the middle class will become stronger and stronger. However, the GDP growth of Brazil has declined in recent years. People are more sensitive to price change, especially to durable consumption goods.

Brazil is one of the world's fastest growing major economies, with its economic reforms giving the country new international recognition and influence. Brazil experienced a decade of economic and social progress from 2003-2013 in which over 26 million people were lifted out of poverty and inequality was reduced significantly.( http://www.worldbank.org/en/country/brazil/overview#1). That means the purchasing power from the middle class will become stronger and stronger. However, the GDP growth of Brazil has declined in recent years. People are more sensitive to price change, especially to durable consumption goods.