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The framework’s goal is to give the government flexibility to implement its policy commitments, including the Bolsa Familia welfare programme and increased minimum wages and…
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DOI: 10.1108/OXAN-DB278687
ISSN: 2633-304X
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The economy is at a crossroads: high unemployment and increasing poverty are generating pressures for greater income transfers, but the delicate fiscal position is generating…
For 2023, the market expects a significant slowdown, with growth of around 0.8%. This presents a highly challenging context for President Luiz Inacio Lula da Silva and his finance…
The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…
BRAZIL: Privatisation plans will raise spending doubts
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DOI: 10.1108/OXAN-ES263373
ISSN: 2633-304X
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That followed a primary surplus equivalent to 0.5% of GDP in 2022. The negative result in 2023 was partly caused by exceptional circumstances, notably the early payment of…
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DOI: 10.1108/OXAN-DB285159
ISSN: 2633-304X
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Indicators bottomed out after April. Most economists now expect GDP to contract by 5.5-6.0% this year, a severe blow to an economy that had yet fully to recover the ground lost in…
BRAZIL: Moro bid will not change turbulent elections
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DOI: 10.1108/OXAN-ES265382
ISSN: 2633-304X
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BRAZIL: Economy will prompt disquiet in 2023
After the severe blow that the COVID-19 pandemic represented for an economy still struggling to regain ground lost in the mid-2010s recession, the recovery will likely be only…