How Can Brazil Restore Its Growth Trajectory?

How Can Brazil Restore Its Growth Trajectory? by Dan Steinbock, Difference Group

Only a few years ago, Brazil exemplified the BRIC dream of rapid growth. Now it is coping with its longest recession, loss of confidence, possibly a lost decade. Dan Steinbock explains what happened, and how and when Brazil could restore to its growth.

In summer 2016, Rio de Janeiro shall host South America’s first-ever Olympic games, which were supposed to be a great coming out carnival. But dark clouds hover over Brazil’s growth miracle.

When President Lula’s former chief of staff Dilma Rousseff took the office in 2011, she wanted Brazil to overcome the “middle-income trap” by shifting the nation’s growth model from finite commodities to enduring human...