Brazil: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil

2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil

Volume/Issue: Volume 2021 Issue 217

Publication date: September 2021

ISBN: 9781513594910

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Topics covered in this book

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Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , liability positions vis-à-vis nonresident , expenditure ceiling , money market rate , inflation expectation , headline inflation , Inflation , Fiscal stance , COVID-19 , Global , Caribbean

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Summary

Economic performance has been much better than expected, in part due to the authorities’ forceful policy response. Nevertheless, Brazil’s long-standing challenges of low growth, high debt, and elevated levels of poverty and inequality have been exacerbated by the pandemic. Tragically, more than 550,000 Brazilians have died from COVID-19.