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Brazil

Author

Listed:
  • Iulia Monica Oehler-Şincai

Abstract

After the severe recession of 2015-2016, Brazil’s economic recovery is gradual. Recent projections show modest growth in 2017-2018, against the backdrop of the massive corruption scandal around Petrobras and many Brazilian politicians, along with a slow advance in investment, exports and domestic consumption. Brazil has been affected by the international developments in commodity prices and, in addition, faces a number of structural weaknesses, such as the high cost of doing business and successive declines in productivity and competitiveness. The population has challenged the organization of the 2016 Summer Olympics in Brazil, through mass protests that have also disrupted the economic activity. With the completion of corruption investigations, the recovery of the Brazilian economy might be backed up by decreasing political uncertainty, as well as relaxation of monetary policy and ceaseless implementation of the reform agenda.

Suggested Citation

  • Iulia Monica Oehler-Şincai, 2017. "Brazil," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 208-213.
  • Handle: RePEc:iem:conjun:y:2017:p:208-213
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    Keywords

    Brazil; macroeconomic indicators; economic growth; inflation; structural weaknesses; reform;
    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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