Brazil: Staff Report for the 2013 Article IV Consultation
IMF Staff Country Reports, October 23, 2013
Source details
- Canonical URL
- Brazil: Staff Report for the 2013 Article IV Consultation
Other formats
Bibliographic details
- Published: October 23, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616359454.002
Macroeconomic overview and near-term outlook
- Brazil’s economy is recovering gradually from the slowdown that began in mid-2011.
- Consumption remained resilient in the year prior to the report, 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.
- The economy is estimated to be operating close to potential.
Inflation and supply-side constraints
- Supply-side constraints have restrained near-term growth.
- Those constraints have exacerbated inflationary pressures.
Financial conditions and credit
- Financial conditions have tightened.
- Credit growth has remained strong, driven by public banks’ lending.
Thematic coverage and keywords
- Subject areas: 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
Content in this bundle
- Brazil: 2013 Article IV Consultation--Staff Report; IMF Country Report 13/312; July 2, 2013