TheEconomist

Brazilian economy will grow between 4,5 and 5% this year in spite of the US credit crisis impact still on the financial level, according to economist Alexandre Shwartsman, talking to journalist Miriam Leitao on GloboNews TV.

Former president of Brazil´s Central Bank Affonso Celso Pastore expects a little bit more than 5% for GNP this year.

These real-time expectations, by two of the most respected economists in Sao Paulo financial market, are to be taken serious.

Lula´s administration is already doing that : off the record, Workers Party (PT)  heads dreams about going up from this year 5% to some 5,5 or 6% next (local elections) year, followed by 6 or 6,5% in 2009 and - what a wonderful world! - something like GNP growing the magic, long talked about, the percentage of 7% a year.

Wouldn´t it help people become happier on general elections in October 2010?

For now, it would be enough to assure PT a sort of third term in the Presidency, allied with newly appointed minister of Defense Nelson Jobim´s Democratic Brazilian Movement Party (PMDB).

Experienced politician, known nationaly since played key role as head of House of Representative´s Justice and Constitution Committee in 1992, Jobim became president of Supreme Court and now, as Defense minister, is doing a good job in these first days to fight the air crisis in Brazilian airports, companies and traffic control under the military.  

Keeps he on doing it - and global financial crisis really behaves like economists want it to,  without so much impact on emergent economies like Brazil - Lula will have a good night sleep in spite of the possibility of another atipical markets movements from now on.

Tokyo market has just started the da. Let´s keep an eye on it.

First results from the country-record 200 deaths in the Congonhas crash last week: Lula´s  Government in Brazil announces studies to sell in the stock markets up to 49% of state-owned company Airport Infrastructure.

It´s about  the giant Infraero, the last large state-owned companies like giant Petrobras that Brazil privatizes in the last 10 year5s of economic modernization stated with “Plano Real” in July, 1994.

Watch out: Infraero may be charged in Justice for the 2007 July Air Bus tragedy em Sao Paulo.

Unlikely Petrobras and Banco do Brasil, two state-controlled huge Brazilian corporations with open capital, Infraero has been not only the “black box” of Workers Party (PT) government in the last 5 years but also an atraction for oposition in Congress trying to open up new corruption front to get the media lights blessing.

Everybody in Brasilia knows Infraero was taken up by PT and now oposition leaders want to investigate it .

Before it grows up, Lula asked Finance minister Guido Mantega to build a plan to sell 49% of Infraero´s stocks on market, it means to open up the box and to let people know why passengers are daying like mosquitoes in Brazil in the last 8 moths or so (there was the Amazonian collision with an American-flag Brazilian-made executive Legacy jet, which survived landing in a military base in the middle of jungle.

The other aircraft involved in the wing-touching disastear had not the same fate: all the 158 people in the commercial flight (Goal Airways) died that night, eight moths ago, because there were many mistakes - starting with the ground-based air control services, with went on strike last month.

There´s a rebellion at the military space control because they´re underpaid and overexplored to take care of commercial aviation also.

This may be the frist signs that Brazilian economy is up to undergo a higher GNP rates in this decade than in the last 20 or 30 years: reviewed official figures estimates Brazil is going to grow up to 4,7% this year.

It stress the optimistic futurologists broadcastings that the 180 million people country considered the “good little China of the West” may become very fast a good place to invest your money.

It still pays one of the highest interest rates in federal papers (about 11,5% when inflation is predicted for 4,5% this year in the worst framework) and is just one step before getting the neve-reached-before Investment Grade froam international trusted private rating agencies.

Just pay attention - not only to the aircrash news images, but also to the investment rating for Brazil.

The plan to sell Infraero stocks may be ready by the end of year.