Among developed countries, Australia stands alone and tall in its economic data. The country has not experienced any recession the last 25 years and is expected to grow by 2.5% this year.Marcio Alaor, the BMG banker, explains why. The Austatilan economy has maintained its growth thanks to its commodities export economy. It exports goods from minerals to sheep and beef meat.
Despite the 2008 crisis, Marcio reveals that Australia has managed to leverage its interest rates and controlled inflation to create a robust economic system that can survive downturns. According to Marcio; Australia has remained relevant thanks to its ability to leverage itself. According to many economists, the trick Australia uses is betting on a fiscal stimulus whereby small businesses are excluded from tax collection during troubled times and investments are made in the construction sector that is crucial in the creation of jobs and economic development.
The commodities market is a complex environment, and a country must be innovative or face demise. Today, Australia is one of the richest countries on earth thanks to its economic system. It has a highly developed GDP that has seen it became a significant exporter globally.
Marcio Alaor reveals that Brazil could learn a thing or two from Austalia.Brazil has more resources than Australia and more population yet a less developed economy.Marcio believes with good governance; Brazil can reach these levels.Marcio Bemoans the current corruption in the country saying it makes Brazil look weak internationally.
As an example of how robust the Australian economy is, Brazil has experienced annual growth rates averaging 2% since the crisis begun. It is favourable growth rate given countries like Brazil are currently expected to shrink considerably this year.
Marcio further states Austalia has some of the highest life expectancies and ranks high on Human Development Index too.It has used an extremely effective route to success and has grown through that method.
Marcio Alaor works for Banco BMG and is its vice president.Marcio is an award-winning banker who has grown over the years to became the best at what he does.Marcio has recently honoured his hometown, Santo Antonio Do Monte, by helping build a food court.Marcio has also had a plaque engraved his name in the town square.
Banco BMG has grown from a small bank to become one of the largest in the country thanks to the talent of people like Marcio.It has 3000 branches and over 50000 employees from all over the world.
Marcio Alaor is an example of a strong and determined leader. He has achieved a high level of success in a very competitive field, and we wish him all the best.
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