Brazil | The adjustment continues, GDP is contracting and inflation is taking off
Published on Wednesday, June 3, 2015
Brazil | The adjustment continues, GDP is contracting and inflation is taking off
Summary
Brazil’s GDP is contracting and inflation is shooting up. We expect the economy to contract 0.7% this year and inflation to be around 8.0% in the second half of 2015. Economic adjustment continues: the expansive tone of fiscal and monetary policy has been reversed. Additional measures need to be announced to increase confidence in Brazil and set the bases for recovery.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist