Brazil: Staff Report for the 2013 Article IV Consultation

Publication Date: October 23, 2013
Electronic Access: Free Full text (PDF file size is 2,056KB).
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Summary: This 2013 Article IV Consultation highlights that Brazil’s economy is recovering gradually from the slowdown that began in mid-2011. Consumption remained resilient last year underpinned by low unemployment and broad gains in real wages, although it has slowed somewhat more recently. After a protracted period of weakness, investment has begun to recover in recent quarters while business confidence has firmed. With the economy estimated to be operating close to potential, supply-side constraints have restrained near-term growth and exacerbated inflationary pressures. Financial conditions have tightened but credit growth has remained strong, driven by public banks’ lending.
Series: Country Report No. 13/312
Subject(s): Article IV consultation reports | Economic growth | Monetary policy | Flexible exchange rate policy | Banking sector | Bank supervision | Fiscal policy | Capital flows | Current account deficits | Economic indicators | Staff Reports | Press releases | Brazil

Publication Date: October 23, 2013
ISBN/ISSN: 9781616359454/1934-7685 Format: Paper
Stock No: 1BRAEA2013004 Pages: 97
US$18.00 (Academic Rate:
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