Brazil and the World in IMF’s View

BRAZIL ECONOMICS - Report 20 Apr 2015 by Affonso Pastore, Cristina Pinotti and Marcelo Gazzano

Last week the IMF published the latest edition of its World Economic Outlook (WEO), containing new macroeconomic projections for various countries and economic blocs, along with trends for the coming years. The global economy should continue on its recent recovery path, albeit with much slower growth than in the 2000s, but Brazil is clearly lagging behind. The recession expected for 2015 in Brazil will only leave it in a better position than Venezuela, Russia, Ukraine and Belarus, and the recovery that should follow in 2016 will be very timid. In the world, the tendency is for low inflation, but in Brazil it will accelerate in 2015 and stay high the next year.

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