The country of the future finally arrives

by Dave

The Guardian
Across the country, similar optimism can now be heard among businessmen and politicians, all convinced that South Americas sleeping giant is finally waking up. Brazil has long been known as the paĆ­s do futuro country of the future. But a series of economic and political crises and 21 years of military rule somehow meant the future never quite arrived.

Now things seem to be changing. Brazils currency recently hit a nine-year-high against the dollar, inflation is under control and millions of Brazilians are being propelled towards a new middle class. Last week, meanwhile, Brazil was awarded “investment grade” status by the financial rating agency Standard & Poors, sending the countrys stocks soaring to an all-time high.