Synthesis of the Brazilian Economy
BRAZIL ECONOMICS
- Report
02 Oct 2023
by Affonso Pastore, Cristina Pinotti, Paula Magalhães and Diego Brandao
Evidence is mounting that Brazil is facing a more severe fiscal problem than was assumed at the start of the year, due to the fragility of the fiscal framework as a brake on spending by the executive and legislative branches. The country seems fated to suffer from inefficient spending, with little social benefit, accompanied by higher interest rates and weaker economic growth.
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