Will Brazil Slump In Economical Crisis

As you would all know the world is going through a great economic crisis. Everywhere you go there are jobs vanishing by the thousands but in others there are new opportunities to rebuild this economic system.

Brazil is one of those countries that is by far avoiding this job loss crisis. In the month of December when the economical crisis was at its worst the industrial production dropped 12% but soon rose again in the month of January by 2.3 %. Over the past four months the industrial production has dropped 18.2 which actually isn’t as bad as it seems but everyone knows these numbers add up over time. Right now the car sales are starting to rebound back from the big drop in sales, the construction money is getting used up, commodity prices are down and commercial bank loans are starting to get very hard to give out to even the best to of the line customers.

I think these facts are very important to the economic world because it shows just how bad it is getting these days. I think even though these numbers seem high Brazil still has a strong running industrial production because when you look at Canada and the U.S.A the type of jobs we have and depend on are different. Here in Canada a lot of people are in the mining industry. Since the economy is in a slump there have been thousands of people who have lost their jobs. Although it may not be as bad the such places as the U.S.A and China it is impacting our country in a big way. This means mothers and fathers must go work somewhere else and the money eventually adds up over time. In Brazil even though they might be struggling in lets say the car sales industry it is not as big because with a country so big the sales will go back up over a little bit of time.

~ by capricornchick16 on March 11, 2009.