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Politics & Government

March 31, 2009 04:58 PM

The Brazilian economy dips and rises

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Lolita Morinigo says sales have declined by 40 percent at her two clothing stores in Rio de Janeiro, as Brazil plunges headlong into recession. But Morinigo is optimistic that Brazil's economy will turnaround soon. (Tyler Bridges/MCT)
Lolita Morinigo says sales have declined by 40 percent at her two clothing stores in Rio de Janeiro, as Brazil plunges headlong into recession. But Morinigo is optimistic that Brazil's economy will turnaround soon. (Tyler Bridges/MCT) MCT
Ronaldo Joao Rocha applies for a job at a union-run jobs assistance office in Sao Paulo, Brazil. He was laid off from a trucking company three months ago. (Juca Martins/MCT)
Ronaldo Joao Rocha applies for a job at a union-run jobs assistance office in Sao Paulo, Brazil. He was laid off from a trucking company three months ago. (Juca Martins/MCT) MCT
Unemployed workers wait to apply for jobs at a union-run jobs assistance office in Sao Paulo, Brazil. 1,500 people are visiting the office now, up from 800 in September. (Juca Martins/MCT)
Unemployed workers wait to apply for jobs at a union-run jobs assistance office in Sao Paulo, Brazil. 1,500 people are visiting the office now, up from 800 in September. (Juca Martins/MCT) MCT
Unemployed workers wait to apply for jobs at a union-run jobs assistance office in Sao Paulo, Brazil. 1,500 people are visiting the office now, up from 800 in September. (Juca Martins/MCT)
Unemployed workers wait to apply for jobs at a union-run jobs assistance office in Sao Paulo, Brazil. 1,500 people are visiting the office now, up from 800 in September. (Juca Martins/MCT) MCT
Ricardo Biassi applies for unemployment benefits at a union-run jobs assistance office in Sao Paulo, Brazil. (Juca Martins/MCT)
Ricardo Biassi applies for unemployment benefits at a union-run jobs assistance office in Sao Paulo, Brazil. (Juca Martins/MCT) MCT
Rogelio Golfarb, a senior executive with Ford's Brazilian branch, says he doesn't know when vehicle sales will return to the heady days of 2008. (Juca Martins/MCT)
Rogelio Golfarb, a senior executive with Ford's Brazilian branch, says he doesn't know when vehicle sales will return to the heady days of 2008. (Juca Martins/MCT) MCT
Eneias Camargo, a Ford assembly line worker, is making 20 percent now because the slowdown of car production has cost him overtime hours and pay. (Juca Martins/MCT)
Eneias Camargo, a Ford assembly line worker, is making 20 percent now because the slowdown of car production has cost him overtime hours and pay. (Juca Martins/MCT) MCT
Ford workers producing new cars at their plant in Sao Paulo, Brazil. With the decline in new car sales, workers are getting fewer overtime hours and less pay. (Juca Martins/MCT)
Ford workers producing new cars at their plant in Sao Paulo, Brazil. With the decline in new car sales, workers are getting fewer overtime hours and less pay. (Juca Martins/MCT) MCT
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