## Brazil: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil

_IMF Staff Country Reports, July 13, 2017_

## Source details

**Canonical URL:** [Brazil: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil](https://www.imf.org/en/publications/cr/issues/2017/07/13/brazil-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45081)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/07/13/brazil-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45081/index.md)
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## Bibliographic details
- Published: July 13, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484309896.002

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### 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*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17215.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17215.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/07/13/brazil-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45081_