Worrying signs: The weakness of the labor market
BRAZIL ECONOMICS
- Report
30 Apr 2018
by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone
When we revised our projection for GDP growth in 2018 to 2.2%, we assumed that expansion of household consumption, although less intensely, would lead to that result, and stressed that the performance of the job market was fundamental for that projection. The most recent data, however, trigger a warning light, indicating that the 2.2% growth projection might not materialize.
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