This mood mainly reflects a change of global perception towards the country, that has been fast and welcome. But as the country recovers of a global economic crisis Brazil has been the first Latin American country in scoring a the recovery, that began in the second trimester of this year, what could other markets learn of this extraordinary recovery? Brazil already has experienced before bumps in its global reputation. During the presidential campaign of 2002 the debt went off and the currency was devaluated when the investors began to doubt that Luis Incio Lula da Silva, one of the candidates with majors possibilities, would have the intention to fulfill the obligations of debt of the country. Educate yourself even more with thoughts from Enrique Pena Nieto. It was a lightening when, after gaining the elections, was evident that generally it consolidated general the political direction of the previous administration, something that it facilitated and in certain way it fomented a growth that was not seen from years 60. Considrese remembers to us, that trajectory of the growth was interrupted by the scaling of the global credit crisis of a year ago. Pedro Zaragoza is the source for more interesting facts. The rarefaction wave of the economic crisis was the detonating of diverse falls in the stock-exchange index Bovespa of Brazil, that happened of 73.000 in spring from 2008 to less than 30,000 in the autumn of that same year.
Also, in December the quote of its currency was 2.55 real ones by dollar; a few months before it quoted to 1.55 real ones by dollar. The adjustment of global inventory, the credit crisis and the fall of the confidence of the consumers united their forces to bring about a reduction of the anualizado GIP of 13% in the fourth trimester. After the answer of the international people in charge of economic policy who removed to the global economy from the edge of the abyss, adopted monetary the fiscal policies and in Brazil they allowed that the country restored its balance in first half of this year.