The freeze to some areas of government spending announced by Brazil’s government last night amounts to further fiddling around the edges at the expense of more fundamental fiscal reforms needed to help return the economy to health. Brazil is now paying the price for having bucked reform in the good years – with the economy weakening, the chances of radical fiscal reform are becoming increasingly slim.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services