Economic uptick may not spell recovery in Brazil
Keyword(s):
Significance Indicators bottomed out after April. Most economists now expect GDP to contract by 5.5-6.0% this year, a severe blow to an economy that had yet fully to recover the ground lost in the brutal 2015-16 recession, but less than the highly pessimistic forecasts prevailing during the initial months of the pandemic. Impacts Lower rates have reduced fiscal spending on interest payments, a rare bright spot on the fiscal side. Inflation remains low but fiscal deterioration may prevent further rate cuts. The recent fall in sovereign debt maturity could leave Brazil more exposed to sudden changes in market risk aversion.
2019 ◽
Vol 15
(5)
◽
pp. 669-687
◽
Keyword(s):
Keyword(s):
Keyword(s):
2014 ◽
Vol 6
(3)
◽
pp. 212-225
◽
Keyword(s):
2018 ◽
Vol 10
(3)
◽
pp. 274-294
◽
Keyword(s):