Synthesis of the Brazilian economy

BRAZIL ECONOMICS - Report 11 Apr 2018 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

Lula has started serving his jail term for the crimes of corruption and money laundering, and the country was not set inflame, as had been promised by his party’s propaganda and had been the claim on countless earlier occasions. On the contrary, his imprisonment strengthened, in Brazil and the world, the perception that despite visible fragilities, the country’s democratic institutions are fully functioning, by which the law applies to all. Recent data indicate the economic recovery will be slower than many expected, due to the weak recovery of the labor market and high degree of political uncertainty, inhibiting investments. The fiscal side continues to deteriorate, and GDP growth for the year will likely fall short of 3%.

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