Brazil: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil
IMF Staff Country Reports, July 13, 2017
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- Brazil: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil
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Bibliographic details
- Published: July 13, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484309896.002
Growth outlook and recession status
- Brazil’s deep recession appears close to an end.
- Growth is projected to be 0.3 percent in 2017 and 1.3 percent in 2018.
- Growth is expected to move toward 2 percent in the medium term.
Inflation and monetary environment
- Inflation is projected to undershoot its central target of 4.5 percent in 2017 and 2018.
- The recession was exacerbated by declining terms of trade and tight financing conditions.
Fiscal stance and assumptions
- The forecast assumes that a sufficiently strong set of measures are put in place to ensure fiscal sustainability.
- Public debt and fiscal policy are identified as central issues (subjects include Fiscal policy, Fiscal stance, Public debt).
Sources of risk
- Political instability and spillovers from the corruption investigation are major sources of risk.
- These risks could threaten the reform agenda and the recovery.
Key themes and subject tags from the report
- External debt
- Fiscal policy
- Fiscal stance
- Inflation
- Labor
- Prices
- Public debt
Brazil: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil — July 13, 2017
Content in this bundle
- Country Report