## Brazil: Sustaining a Strong Recovery

_IMF News, September 23, 2021_

## Source details

**Canonical URL:** [Brazil: Sustaining a Strong Recovery](https://www.imf.org/en/news/articles/2021/09/22/na092221-brazil-sustaining-a-strong-recovery)

## Other formats

- [Markdown version](/en/news/articles/2021/09/22/na092221-brazil-sustaining-a-strong-recovery/index.md)
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## Bibliographic details
- Published: September 23, 2021

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### Overview and current situation
- Brazil’s economy has returned to pre-pandemic levels.
- Recovery supported by booming terms of trade and robust private sector credit growth.
- One of the biggest stimulus packages in emerging markets—nearly 4 percent of GDP in emergency cash transfers alone in 2020.
- The country has been hit hard by the pandemic: COVID-19 has claimed the lives of more than 550,000 Brazilians, the second highest death toll worldwide.
- Renewed lockdowns following a severe second wave and the rollout of vaccinations have helped bring down infections since April, with new daily COVID-19 cases and deaths falling significantly from their peaks.
- Rates of unemployment and poverty remain high.
- Inflation has surged, weighing on the outlook.

### Projections and growth
- Growth is projected to rebound to 5.3 percent in 2021.

### Policy implications and recommendations
- Sustaining the recovery will require further institutional reforms to raise labor productivity growth.
- Policies needed to foster private sector-led investment.

*September 23, 2021 — IMF News (IMF Press Center)*

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## References

- [https://www.imf.org/en/News/country-focus](https://www.imf.org/en/News/country-focus)
- [PRESS CENTER](http://presscenter.imf.org/)
- [Read the report](https://www.imf.org/en/Publications/CR/Issues/2021/09/22/Brazil-2021-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-466076)
- [Read the press release](https://www.imf.org/en/News/Articles/2021/09/22/pr21274-brazil-imf-executive-board-concludes-2021-article-iv-consultation-with-brazil)
- [Brazil and the IMF](https://www.imf.org/en/Countries/BRA)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2021/09/22/na092221-brazil-sustaining-a-strong-recovery_