Opinion: While the world is in recession, Brazil seems to be an island

Economies such as the US, European, and British are already circling recession, or "negative growth," as the White House calls it. Meanwhile, we see a wave of upward GDP revisions in Brazil.

By Felippe Hermes

(Opinion) While the US, Germany, and China are experiencing a slowdown or even recession, the GDP of the Brazilian economy is being revised upward.

"Vera Cruz Island", "Vera Cruz Land," and "Parrots Island" are some of the names given to the Brazilian territory after its discovery in 1500. The origin of the name "Brazil", traditionally associated with the pau-brasil, a wooden tree with intense red color, would not be known until years later, in 1527.

Etymology aside, economics often cites the term "island" as a symbol of isolationism. And as far as anything suggests, this may . . .

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