The Economy in 2014: Projections And Risks

BRAZIL ECONOMICS - Forecast 17 Mar 2014 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore
Executive Summary A combination of wishful thinking and diagnostic mistakes has put the government in a situation, in an election year, of weak economic growth and high inflation. The outlook for 2014 is weaker GDP growth than last year, of only 1.5%, and inflation rising to around 6.3% at year-end. The low primary surpluses and reluctance to use the interest rate to bring inflation down to the central target of 4.5% have raised the likelihood of increases in taxes and real interest rates after de election, heightening the risks and discouraging investments, both of which will contribute to...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This forecast is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This forecast is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this forecast or its contents.