Brazil: Staff Report for the 2013 Article IV Consultation

October 23, 2013

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Format: Chicago

Brazil: Staff Report for the 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed September 19, 2024

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.

Subject: Banking, External debt, Financial institutions, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, State-owned banks

Keywords: Bond yield, CR, Debt, Food inflation, Global, Inflation, Inflation tolerance band, ISCR, July monetary policy meeting, Sovereign bond bond yield, Staff appraisal, State-owned banks

Publication Details

Pages:

97
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/312
Stock No:

1BRAEA2013004
ISBN:

9781616359454
ISSN:

1934-7685

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