Brazil's economy will complete 40 years, with growth lower than the average of the world. As this decade ends, the divergence between Brazil and the world has never been bigger. From 2011 to 2020, the country became poorer in relation to the rest of the world and its population.
Brazilian GDP grew no more than 2.2%, given the Ministry of Economy's projection of a 4.5% drop this year, driven by Covid-19.
In the period, according to the IMF, the global income of this decade rose 30.5%, including the estimated fall of 2020.
The rate of 2.2% in a decade, which would be weak even for an annual result, is much lower than the Brazilian population's growth in these ten years, projected by IBGE at 8.7%. This means that the national average income per inhabitant has shrunk.
There wasn't a difference of this magnitude even the decade of the 80s, called the "Lost Decade." At the time, with an inflationary explosion and foreign debt, the Brazilian product expanded 16.9%, and that of the planet, 37.9%
Translated by Kiratiana Freelon