2012 AGENDA
Frei Betto*
It looks as though the year ahead will not be easy. The capitalism crisis which is not just financial but structural as well, is starting to affect emerging economies, including Brazil. Nothing shows that countries in the euro zone will detain the corrosion of their economies and maintain the same currency.
If China, the USA and the European Union reduce their imports, the Brazilian GDP which is already at the high level of R$4 trillion (US$2.5 trillion) will drop together with the country’s growth. The Dilma government will have to think hard so as to warm the internal market, stop inflation and favour credit. We hope she will manage. But it looks as though Brazil will meet with serious turbulence on its journey towards development.