Brazil's External Adjustment

2000 ◽  
Author(s):  
Eustáquio José Reis ◽  
Alexandre Samy de Castro ◽  
Marco A. F. H. Cavalcanti ◽  
José Luiz Rossi Júnior ◽  
Emerson Rildo de Araujo
Keyword(s):  



1983 ◽  
Vol 15 (2) ◽  
pp. 270
Author(s):  
Gabriella Chiesa ◽  
Guiseppe Tullio


1994 ◽  
Vol 16 (4) ◽  
pp. 353-393 ◽  
Author(s):  
William L. Helkie ◽  
David H. Howard


2011 ◽  
Vol 83 (2) ◽  
pp. 168-184 ◽  
Author(s):  
Martin Bodenstein ◽  
Christopher J. Erceg ◽  
Luca Guerrieri


2007 ◽  
Author(s):  
Anna Pavlova ◽  
Roberto Rigobon




2013 ◽  
Vol 32 ◽  
pp. 762-780 ◽  
Author(s):  
C. Bora Durdu ◽  
Enrique G. Mendoza ◽  
Marco E. Terrones


Author(s):  
Martin Bodenstein ◽  
Christopher J. Erceg ◽  
Luca Guerrieri


Significance In 2018 the economic slump and devaluation helped to improve the trade balance by cutting imports. However, the current account deficit reached 5.4% of GDP, up from 4.9% in 2017, due to the growing burden of interest payments on foreign debt, which already represents more than 50% of GDP. Impacts External adjustment will be mostly driven by falling imports; competitiveness woes will prevent a rise in non-agricultural exports. The government's inability to reverse the economic downturn and a growing debt burden will keep default fears high. Access to foreign finance will remain key to guarantee debt servicing.



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