How did the economy of Brazil and Russia grow so much in 2008 ?
i keep up to date with the latest nominal gdp and export data on the world’s countries and the imf, cia factbook are showing huge growth in those countries last year.
In exports Russia jumped over a couple countries including Canada and the UK.
In nominal gdp Russia and Brazil grew by 20-25 %. Both countries pulled ahead of Canada and Spain.
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Comment by alberto
Brazil is not as strong on exports as Russia is. Brazilians exports are less than 10% of GDP. So, Brazilians sustain the economy.
Well, 68% of our economy is in the sector of commerce/services. This is the way to growth. At least, in my opinion.
If you want to know more about Brazil, see my favorites in my Youtube channel:
http://www.youtube.com/profile?user=AllAboutBrazil&view=favorites
Posted on September 3, 2010 at 8:28 pm