Synthesis of the Brazilian Economy

BRAZIL ECONOMICS - Report 10 Oct 2016 by Marcelo Gazzano, Cristina Pinotti, Caio Carbone and Affonso Pastore

The result of the municipal elections (mayors and council members) on October 2nd unquestionably defined a new outline of the political scenario in Brazil. If any doubts remained about the end of the PT’s cycle in power, the vote tallies laid them to rest.

The economic recovery has been much slower than expected, accentuating the need for quick approval of the reforms – Constitutional Amendment (PEC) 241 and social security – to provide support for an important cycle of monetary easing by the Central Bank.

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