While US and European companies are still laying off thousands of empolyees, worsening the recession, Brazilian companies hired 34,000 net new jobs. Repeat: Brazilian companies are hiring! Need to say more?
While the auto industry is in shambles in the rest of the world, Brazilian car output rebounded very rapidly, 92% in a single month. The crisis in over in the Brazilian car industry, the worst hit when consumers panicked at the headlines from abroad.
January is a usual month for growth in sales, due to Xmas sales, but 200.000 cars were sold, which, annualized, becomes 2.400.000 -- which is average for Brazil.
THE CRISIS IS OVER. We will continue to have PROBLEMS, but to call it a crisis is being irresponsible at least.