GLOBAL FINANCE Brazil's Half-Glass Economy With a growing budget deficit, Brazil is struggling to climb out of recession and become globally competitive. OCTOBER 03, 2017 Author: DENISE CHRISPIM MARIN After…
Project Syndicate Ongoing corruption investigations in Brazil have exposed a tangled network of illicit relationships between private firms, government bureaucrats, and elected politicians. According to one former minister, who…
Brazil’s labor and total-factor productivity (TFP) have featured anemic increases in the last decades (Canuto, 2016). As we illustrate here, contrary to common view, sector structures of the Brazilian GDP…
One major policy issue in Brazil is how to boost productivity, while following a path of fiscal consolidation that will take at least a decade to bring the public-debt-to-GDP…
The Heat: Crisis in Brazil Pt 3 CGTN America Published on Jun 1, 2017 It was less than a year ago when then Brazilian President Dilma Rousseff was removed from…
Last week the World Bank released a Staff Note (2017) analyzing the pension reform proposal sent last December by Brazil’s Federal Government to Congress. It concludes that (p.16, our emphasis): “……
Brazil has been suffering from “anemic productivity growth”. This is a major challenge because in the long run, sustained productivity increases are necessary to underpin inclusive economic growth. Without…
In previous pieces, we have analyzed the run up to the still-ongoing Brazilian recession as a combination of factors. Given an “anemia” of productivity increases, an appetite for public…
Financial Times, 22 December 2016 By OTAVIANO CANUTO In recent years Brazil has experienced significant depreciation of its nominal exchange rate. Compared to the 2013 average, the Real lost…
Capital Finance International, Autumn 2016 Brazil’s GDP is poised to decline by close to 7% in 2015-2016. Per capita GDP in 2016 is likely to shrink by more than 10%…
Brazil’s GDP contraction since mid-2014 has multiple non-fiscal roots but it has morphed into an unsustainable fiscal trajectory. Dealing with the latter has become a precondition for full economic recovery and the Brazilian government has submitted to Congress a constitutional amendment bill mandating a public spending cap for the next 20 years. This piece considers how the Brazilian landscape evolved toward such a precipice and why additional reforms – particularly on pensions – will have to be implemented to make the spending cap feasible.
Brazil has been suffering from anemic productivity growth. This is a major challenge because in the long run, sustained productivity increases are necessary to underpin inclusive economic growth.
Project Syndicate Now that impeached Brazilian President Dilma Rousseff is out of office, the newly empowered administration of President Michel Temer must clean up the mess she left behind. Can…
11 August 2016 - Otaviano Canuto The Chinese economy is rebalancing while softening its growth pace. China’s spillovers on the global economy have operated through trade, commodity prices, and…
