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Essay / Economic Crisis Kerala Essay - 2651
It is hosting the FIFA World Cup this year (20140 as well as the Summer Olympics in 2016). This requires massive investments in the urban and social development sectors as well as the development of transport infrastructure. Although the Brazilian economy has slowed since 2011 due to internal and external factors, the financial and banking system has remained strong and resilient in the face of this slowdown. The government has been active in recent years, introducing a number of initiatives to reduce energy costs and restructure. payment of oil royalties, strengthening investments in infrastructure through foreign participation, etc. Poverty also decreased, from 21% in 2003 to 11% in 2009. A significant decrease in income inequality was also observed. The environment is a sector which gives rise to great concern. The Brazilian government has shown phenomenal progress in reducing deforestation in Brazil, but a sustainable solution is still needed to ensure environmental protection. (Worldbank.org- Brazil