Emílio Garrastazu Médici

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Emílio Garrastazu Médici (Portuguese pronunciation: [eˈmilju ɡɐʁastaˈzu ˈmɛd(ʒi)si]; 4 December 1905 – 9 October 1985) was a Brazilian military leader and dictator who was the 28th president of Brazil from 1969 to 1974. His authoritarian rule marked the apex of the Brazilian military regime. During his administration, the country experienced the so-called "Economic Miracle", characterized by a 55.84% growth in GDP (an average of 11.16% per year) and a 42.15% increase in per capita income (an average of 8.43% per year). However, this period also saw a threefold rise in external debt and a growing income disparity. Médici took office with inflation at 19.31% and left it at 15.54%. However, the economic growth of the period was driven by a significant increase in foreign investment and a broad state-led investment program funded through international credit institutions. The latter caused a drastic rise in external debt, which grew from $3.9 billion in 1968 to over $12.5 billion in 1973. His...

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