Monday, February 5, 2007

Trying to grow a Brazilian Economy

Reported in a January 27th article in The Economist, Brazil's government announced a new plan to accelerate the growth of Brazil's economy. They plan this growth over the next couple of years, by investing more money into the infrastructure and housing and decreasing taxes, minorly. There has been a rise in the minimum wage by 9%. Overall, this new plan seems to encourage more action to the countries economic problem. I think this plan will be effective. It is good that the government is willing to invest more into the country and work on making life better for its citizens. By having it be a gradual increase over the next four years, I think it will increase the chances of the plan's success.

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