Consumption in Brazil: Where to Next?

March 28, 2017

Preview Citation

Format: Chicago

Troy D Matheson, and Carlos Góes. Consumption in Brazil: Where to Next?, (USA: International Monetary Fund, 2017) accessed December 26, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Private consumption has been a key driver of growth in Brazil for more than a decade. Over this time, Brazilian consumers have benefited from a favorable policy environment, a rapid phase of development—dramatically increasing economic, financial and social inclusion— and a supportive external environment. Meanwhile, infrastructure gaps have widened and investment and productivity levels have fallen behind. The consumption-led growth model now appears to have run its course. The prospect of a period of macroeconomic adjustment presents an opportunity to adjust policy settings to ensure stronger, more balanced and sustainable growth over the medium term.

Subject: Consumption, Disposable income, Financial services, Income, National accounts, Private consumption, Real interest rates

Keywords: Consumption, Consumption growth, Consumption share, Consumption shock, Development, Disposable income, Global, Growth responds, Income, Influence consumption, Investment, Private consumption, Real interest rate, Real interest rates, WP

Publication Details

Pages:

17
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/075
Stock No:

WPIEA2017075
ISBN:

9781475589627
ISSN:

1018-5941

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