Brazilian Official Says Casas Bahia Crisis Does Not Show Wider Economic Problem
Listen to the story
Dario Durigan is a Brazilian government official. He talked about the retail store Casas Bahia. Casas Bahia has money problems now.
Durigan said this problem is only about one company. He said it does not show a problem in the whole economy.
He said Brazil's retail sales grew. He said they grew as much as Brazil's GDP. GDP means the total value of things a country makes.
Durigan also talked about the opposition. The opposition is a political group that does not agree with the government. He said they made a bad story about the economy. He called this story a narrative. A narrative is a story that people tell about something.
Durigan said there is no crisis in retail. He said the problems of Casas Bahia are not a sign of a bigger economic crisis.
Vocabulary15 words
- economy
- how a country makes and uses money and goods
- retail
- selling things to normal people in shops
- GDP
- the total value of everything a country makes
- opposition
- a political group against the government
- narrative
- a story people tell to explain something
- crisis
- a very bad, serious problem
- official
- a person who works for the government
- company
- a business that sells things or services
- government
- the group of people who run a country
- sales
- the number of things sold
- grew
- became bigger
- political
- about government and power
- sign
- something that shows another thing is true
- problem
- something wrong that needs fixing
- money
- what people use to buy things
Quiz
Answer key
1. Casas Bahia 2. There is no general problem 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Dario Durigan is a Brazilian government _____. He talked about the retail store Casas Bahia. Casas Bahia has money problems now.
Durigan said this problem is only about one _____. He said it does not show a problem in the whole economy.
He said Brazil's retail _____ grew. He said they grew as much as Brazil's GDP.
Durigan also talked about the _____. He said they made a bad story about the economy. He called this story a _____.
Durigan said there is no _____ in retail.