Can the Rio Olympics in Brazil be held as scheduled?

Four words, dire straits!

11 days left!

The Rio Olympics are about to open.

However, Brazil is still rushing to build subways and collect garbage...

I really want to ask, can I really still get a date in Rio? How prepared is Brazil?

It feels like Brazil is going to host the worst Olympics in history.

Why?

Data shows: Brazilians’ failure to host the Olympics is really because of poverty.

Since current President Rousseff came to power in 2011, Brazil’s economy has begun to deteriorate. Now, this once-shining "gold brick" has fallen into the worst economic recession in a decade. The gold plating on the gold bricks fell off, leaving only the bricks.

1. The worst GDP data: it is impossible to escape the fate of negative growth

In the first quarter of 2016, Brazil’s GDP recorded a negative growth of 5.42% year-on-year. 2015 was the worst year for Brazil’s economy since 1981. year. According to IMF forecasts, Brazil will not escape the fate of negative growth in 2016.

In 2010, Brazil’s economic growth rate was as high as 7.5%, reaching a single-quarter peak of 17.66%, a 24-year high, three times that of the United States during the same period. By 2015, the Brazilian economy had plunged into the worst economic growth rate since the 1930s. The worst recession since the 1990s.

2. The center of the vortex of emerging markets: facing an inflation nightmare

In the last quarter, in addition to suffering the worst economic growth stagnation in more than a decade, Brazil also suffered from the worst economic growth stagnation at the same time. Had the worst kind of inflation. As Goldman Sachs said, "Since the first quarter of 2004, there has not been a period in which inflation has been higher and economic growth has been lower than in the second quarter of 2015."

3 , Commodities are in a downward trend, dragging down the Brazilian economy

Brazil has the fifth largest iron ore reserves in the world and the second largest output. The bull market in commodity raw materials is closely aligned with Brazil's economic cycle.

In the bull market of commodities, pigs will go to heaven. Economic growth masks most of the problems. 08 is the high point of this wave of commodities. Now, due to the oversupply of global commodities and the economic crisis caused by overcapacity, exporting countries must first be targeted. By 2016, iron ore had fallen below US$60/ton.

It is not easy to escape under such circumstances.

4. The economic data is bad and the unemployment rate remains high.

The poor economic performance has led to the high unemployment rate in Brazil. Throughout 2015, 5,525 companies in Brazil went bankrupt, the highest level since the 2008 financial crisis. Brazil's unemployment rate hit 7.9% in October last year, a six-year high. However, the situation in 2016 became more serious, with the unemployment rate rising steadily. The latest data shows that in May 2016, Brazil’s unemployment rate reached 11.2%

Such poor economic data caused Brazil to become the Latin American economy in 2015. The second-worst performing country is after Venezuela. The International Monetary Fund (IMF) predicts that Venezuela’s GDP will decline by 10% last year. Among the BRICS (emerging) countries, Brazil’s economic recession is expected to be the most severe.

Finally, let me add a digression. As a negative teaching material for emerging countries, the decline of Brazil has taught us the greatest inspiration: to be prepared for danger in times of peace and to strive for self-improvement.

Data source: wind

(The above content is original by Feidi Information)