1. Brazil: an economic superpower Ivan Van de Cloot Chief Economist Itinera Institute

4. Since 2003 some 20m Brazilians have emerged from poverty and joined the market economy . Source : The Economist, Lula’s Legacy, Sept 30th 2010

5. Social protection delivers lower poverty

6. Population increasingly urban Source : The Economist, Lula’s Legacy, Sept 30th 2010

7. Growth at the bottom Source : Centre for Social Policies, Rise of the New Middle Class

8. Analfabetism dropping Source : IBGE, Pesquisa Nacional por Amostra de Domicílios 1992, 1995, 2001-2009

9. Life expectancy at birth, male Source : Worldbank

11. Age pyramid which is much younger than Europe’s

12. Ageing in advanced economies took three times as long as it will in Brazil

13. Vital for democracy: middle class Source : Centre for Social Policies, Rise of the New Middle Class

16. Investment rate to be boosted by Plano Brasil Maior 2014 Source : World Bank

19. Net debt as % of GDP Source: National sources, World Bank, OECD, IMF, UBS as at December 2010 Emerging countries= not over-indebted

20. A lot of reserves

21. And steep climbing reserves

22. Total reserves incl gold (mio USD) Source : Worldbank, 2011

23. Annual GDP growth Emerging countries suffered but recovered

24. Growth would be sustained in coming years

26. Proven oil reserves Source : ANP Agência Nacional do Petróleo, Gás Natural e Biocombustíveis , Annual Report 2011

27. Oil as manna from heaven?

29. Untapped reserves (grey areas)

30. Growing number of multinationals

31. Labour Force 15-64 y Source: United Nations, as at December 2010 Favorable demographics

32. Source: IMF IFS, Central Bank Data, BIS, Bank of America Merrill Lynch Global Research estimates. Note: Most data from end 2009 and also includes some estimates from BofA ML Global Res. Mortgage penetration as % GDP A lot of growth potential

33. Cars per 1000 people Job creation Source: Ministry of Labor, Brazil; data as of 19 January 2011. Morgan Stanley, Haver as of 28 October 2010 Source: Credit Suisse, Datastream, March 2010 A lot of potential for domestic consumption

34. Huge investments planned (Programa de acelaracao do crescimento)

35. Private sector involvement

36. Potential output growth

37. The plant bottle 22.5% of the bottle’s PET is plant- based, made from brazilian ethanol Coca Cola aims to sell by end 2011 more than 5 billion bottles in 20 countries

38. FEB- P.A. De Smedt SHARE OF G-7 AND E-7 (PPP) IN THE GLOBAL GDP G7 countries E7 countries

39. Questions