IMF Staff Country Reports

Brazil: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil

Publication Date:

July 11, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Brazil’s economy has shown remarkable resilience amid the ongoing disinflation. Economic activity has grown steadily, surpassing expectations, reflecting favorable demand and supply factors. With proactive and adequately restrictive monetary policy, headline inflation has declined to the target tolerance interval. Longstanding challenges remain, including elevated public debt and slow convergence to higher living standards. The authorities have advanced their ambitious sustainable and inclusive growth agenda, including the approval of a landmark VAT reform.

Series:

Country Report No. 2024/209

Subject:

Credit Economic sectors External debt Fiscal policy Fiscal stance Foreign exchange Inflation Labor Labor markets Money Prices Public debt Public sector Taxes Value-added tax

Frequency:

regular