Joseph Leahy, Brazil bureau chief for the Financial Times, talks about Brazil's economy, its rising global profile, and President Dilma Rousseff and her recent visit to the United States. We’ll also look at preparations for both the 2014 World Cup and the 2016 summer Olympics.
Guests:
Joseph Leahy
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Comments [2]
I just came back from Brazil (I'm from Porto Alegre). Two things that caught my eye were the emerging "shopping mall" culture where people are becoming overweight - and the wide-spread use of credit cards.
I was offered to pay in installments everywhere when using my credit card.
Brazil may be going the way of the US in terms of high personal debt and low savings.
Leonard,
can you please ask your guest about the real estate bubble currently going on in Brazil due to the amount of money pouring in and the speculation leading to the Olympics in 2014 - Will we see a crash of the real estate bubble and their economy right after the olympics?
Also, is the Brazilian gov't following the Greek model in borrowing money for all the construction projects required to host the Olympics?
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