Brazil

Boom, Bust, and Road to Recovery

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Brazil by Antonio Spilimbergo, Krishna Srinivasan, INTERNATIONAL MONETARY FUND
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Author: Antonio Spilimbergo, Krishna Srinivasan ISBN: 9781484374573
Publisher: INTERNATIONAL MONETARY FUND Publication: February 8, 2019
Imprint: Language: English
Author: Antonio Spilimbergo, Krishna Srinivasan
ISBN: 9781484374573
Publisher: INTERNATIONAL MONETARY FUND
Publication: February 8, 2019
Imprint:
Language: English

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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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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