Brazil: Boom, Bust, and the Road to Recovery

Brazil: Boom, Bust, and the Road to Recovery
ISBN-10
1484339746
ISBN-13
9781484339749
Series
Brazil
Category
Business & Economics
Pages
382
Language
English
Published
2019-03-14
Publisher
International Monetary Fund
Authors
Mr.Antonio Spilimbergo, Mr.Krishna Srinivasan

Description

Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil’s uninspiring growth performance over the past four decades.

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