A former Brazilian central bank head, Affonso Celso Pastore doubts the current GDP growth. He says it’s driven by government spending, not the market. “This rate won’t last,” he warns. He predicts a future drop in activity and rising interest rates. In a recent interview, he was blunt. “Private investment will shrink,” he said. “Right […]
Related Posts
Reclaim your privacy by disabling your cellphone carrier’s data tracking
We’ve all heard before that our cellphones are listening to us and monitoring our every move. While this has been debunked (or, at least, explained), the fact of the matter is that data tracking is standard practice by the most popular mobile carriers these days. And still in 2024, even with complaints from users, new […]
Adapting to Aging: Latin America’s Pension Dilemma
Latin America braces for a shift as its older people population is set to soar. ECLAC forecasts a jump to 200 million by 2065 from today’s 50 million. This aging trend mirrors global patterns, with the senior population expected to hit 2.1 billion by 2050. Such growth strains healthcare, pensions, and labor markets. In response, […]
Democracy’s Decline: A Global Alert
The Economist Intelligence Unit (EIU) has sounded the alarm on the worldwide decline of democracy. Its 2023 report, unveiled on February 15, reveals the Democracy Index at its lowest since the survey began in 2006. Globally, the average score fell to 5.23 from 5.29 the previous year. This dip signals a worrying trend of democratic […]