Marcelo Salomon

In a story in today's Wall Street Journal about Brazil,  an economist is quoted; I like his last name.


Some economists, however, say inflation concerns shouldn't be overblown. Brazil's economy was growing very quickly before the global crisis hit and, according to Barclays Capital Economist Marcelo Salomon, inflationary pressures still aren't as pronounced as they were in the precrisis days.

Brazil, the world's biggest exporter of iron ore, beef, chicken, sugar and coffee, rebounded quickly from the global turmoil, with economic growth of 4.3% in the fourth quarter of 2009. Government agencies and state-controlled banks quickly injected billions of dollars of credit. On top of that, the government slashed taxes on sales of cars and household appliances, leading to a surge in consumption.