In terms of GDP, Brazil beats everyone except China.
In the second quarter, the country grew more than double the rates of the United States (0,6%) and England (0,7%); the 1,5% achieved here surpasses Germany (0,8%), Portugal (1,1%), Spain (-0,1%) and Italy (-0,2%); compared to the Mexican economy (-0,7%), the difference is brutal; only China (1,7%), under President Xi Jinping, fared better in the face of the crisis; why shouldn't Dilma have reasons to smile?
247 - Comparison is understanding. To make the importance of the 1,5% growth result of the Brazilian economy in the second quarter clearer, the Ministry of Finance conducted a very broad survey of the results achieved by other major economies in the world during the same period.
The figures were part of a presentation given by Minister Guido Mantega in Brasília this Friday, the 30th. And he had good reason to compare the local results against those of global giants. After all, the economy that Mantega leads, despite widespread criticism from the traditional media, organized cheering in the foreign media for its downfall, and daily scares due to the volatility imposed by the crisis itself, outperformed all other Western countries. Globally, it only lost in growth during the period to China, which registered 1,7% compared to the previous period.
Recovering, with still modest but healthier figures than months ago, the United States economy did not match Brazil's GDP growth. The 0,6% recorded by the American GDP is more than half of Brazil's figure between April and June. The same applies to England, which grew 0,7%. In Europe, Germany, which produced the best figure, reached only 0,8%.
In the select group of countries that scored above 1% are, in addition to Brazil and China, South Korea and Portugal, each with 1,1%. Italy and Spain, respectively with -0,2% and -0,1%.
If you don't believe there's a global economic crisis out there, these comparisons might not make much sense. However, anyone who's been following global events for the past two years knows that the comparison shows that Brazil, with its set of counter-cyclical policies, continues to achieve results that demonstrate the benefits of this resilience.
President Dilma Rousseff, during a trip to Europe, said that the best way to face the crisis is not through containment, but through growth. She remains consistent with this statement and is reaping results that many people did not expect.
Below are screenshots from Minister Guido Mantega's presentation on GDP: