Brazil: Selected Issues

October 23, 2013

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Format: Chicago

Brazil: Selected Issues, (USA: International Monetary Fund, 2013) accessed November 22, 2024

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.

Subject: Bank credit, Credit, Financial institutions, Housing prices, Inflation, Loans, Money, Prices, Production, Total factor productivity

Keywords: Africa, Brazil, CR, Credit, Credit growth, Global, Growth in Brazil, Housing credit, Housing prices, Inflation, ISCR, Loans, Market development, Surplus target, TFP growth, Total factor productivity

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/313
Stock No:

1BRAEA2013005
ISBN:

9781484308820
ISSN:

1934-7685

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