Brazil : Selected Issues

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

October 23, 2013

Electronic Access:

Free Full text (PDF file size is 1653 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper analyzes pace of economic growth for Brazil. Moderating activity and stubbornly elevated inflation since 2010 have led to a reevaluation of Brazil’s long-term potential growth rate. Growth accounting suggests that potential growth is probably lower than was widely assumed in recent years and now stands at about 3½ percent. The demographic dividend of a rapidly expanding labor force is fading and further structural declines in unemployment are likely to be limited. Potential growth will rely more on the pace of capital deepening and productivity growth. Lifting both may require successful implementation of the infrastructure investment program, higher domestic saving, and structural reforms.

Series:

Country Report No. 13/313

Subject(s):

English

Publication Date:

October 23, 2013

ISBN/ISSN:

9781484308820/1934-7685

Stock No:

1BRAEA2013005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

84

Please address any questions about this title to publications@imf.org