The Heat: Crisis in Brazil Pt 3
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…
Brazil’s Pension Reform Proposal is Necessary and Socially Balanced
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): “……
The Brazilian Productivity Anemia
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…
The Brazilian Debt Hangover
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 – Where has all the BRL depreciation gone?
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…
What’s Ailing the Brazilian Economy?
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%…
A straightjacket to Help Brazil Fight Fiscal Obesity
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 Needs an Honest Waste Loss
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.
Brazil’s Way Out
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…
LatAm in Focus: Otaviano Canuto on Fixing Brazil’s Economy
LatAm in Focus: Otaviano Canuto on Fixing Brazil's Economy Luisa Leme May 04, 2016 Productivity: that's the key word to fixing Brazil's economy. @ocanuto speaks to @luisaleme. Brazil needs to…
Brazil at the Crossroads
With the impeachment of President Dilma Roussseff being sent to the Senate on April 17, Brazil continues a period of turmoil that has lasted for more than a year…
How Brazil, the darling of the developing world, came undone
The Washington Post How Brazil, the darling of the developing world, came undone Brazil's president Dilma Rousseff was suspended from office on Thursday, May 12. (Dom Phillips, Nick Miroff,…
What’s Ailing Brazil?
Project Syndicate .. After decades of rapid economic growth and per capita income gains, Brazil is struggling. According to the International Monetary Fund, the country’s GDP is poised to contract by more than 7%…
Wilson Center – Brazil’s Challenging 2016 Outlook
Webcast Recap Watch the full video here The debilitating political and economic crisis that engulfed Brazil in 2015 is bound to continue in the New Year regardless of…