The key elements of Brazil’s President Rousseff’s policy agenda for her second term in office have started to emerge over the past month. The central theme is a return to “orthodoxy”, with fiscal and monetary policy likely to tighten. But while a period of belt-tightening is long overdue, the result will be continued economic weakness over the next year. What’s more, the reforms needed to raise productivity and medium-term growth have been notably absent from recent policy announcements.
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