Wednesday, March 9, 2011

Income evolution in Lula's Government

A nice article about income evolution in Lula's Government that undermines the so exciting view about Brazil and/or Lula. In summary, during the Lula government the evolution of income in Brazil was characterized by:
1) poor performance by historical standards in Brazil (4% x 4.5% GNP growth)
2) very poor performance when compared to other presidents (11th worst president)
3) relative global fall (4.0% x 4.2% GNP growth)
4) country was hitted hard by the global crisis in 2009

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