IMF Staff Country Reports

Brazil: Staff Report for the 2013 Article IV Consultation

October 23, 2013

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Brazil: Staff Report for the 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed September 18, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2013/312

  • Stock No:

    1BRAEA2013004

  • ISBN:

    9781616359454

  • ISSN:

    1934-7685