Brazil: boom, bust and the road to recovery -

Antonio Spilimbergo, Krishna Srinivasan

International Monetary Fund

2018

373 páginas

12h 26m

ISBN-13: 9781484339749

Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil’s uninspiring growth performance over the past four decades.