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Briefing

Brazil: Economic Profile

Appears in: Latin America, Macroeconomy, Brazil, Growth Outlook and Business Cycle

Critical Issues

Background:

Brazil has resisted the negative effects of the current economic crisis better than expected. Sound macroeconomic policies before and during the crisis, including interest-rate policies as well as fiscal and debt management, have resulted in improved growth and the containment of adverse effects. A deepening of domestic capital markets and trust from international credit markets has erased financing constraints despite the global credit crunch. Brazil's economy grew in both 2007 and 2008, and is rebounding strongly in 2010 after a difficult 2009. 

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