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Brazil

Author

Listed:
  • Iulia Monica Oehler-Șincai

Abstract

The outlook of the Brazilian economy is shadowed by the corruption scandal linked to Petrobras, company considered the pillar of the national economy. Therefore, one can state that Brazil has lost its status as model for the moderate Latin American Left. The cancellation or postponement of some major investment projects led by Petrobras has the potential to generate domino effects on its partners, not only in the energy industry, but also in other sectors, such as constructions. Thus can be explained the Brazilian economic recession of 2015 and the perspectives of its mid-term extension. Inflation and unemployment rates have upward trends, the supply-demand imbalance persists, population and investors’ confidence in public institutions is declining and public protests are intensifying, while the Brazilian currency, the real, continues to depreciate. Therefore the re-elected president’s actual mandate faces major challenges.

Suggested Citation

  • Iulia Monica Oehler-Șincai, 2015. "Brazil," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2015:id:2822000009592015
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    Keywords

    Brazil; macroeconomic indicators; GDP; inflation; unemployment; general government net lending/borrowing; gross debt; structural weaknesses;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles

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