The Slow Recovery of the Construction Sector

BRAZIL ECONOMICS - Report 10 Apr 2017 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

Signs are slowly starting to appear that the country is emerging from the longest and deepest recession in the past 35 years. However, the recovery will be slow, and one of the main reasons for this forecast is the deleveraging process of firms and households. The civil construction sector is emblematic in this respect.

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