Synthesis of the Brazilian Economy

BRAZIL ECONOMICS - Report 01 Jul 2019 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

Looking beyond the dust and noise provoked by the disputes over deeply rooted and divergent interests, the pension reform proposal is making progress in Congress and might come up for a first floor vote in the Chamber of Deputies in July. The economy remains stagnant, and the first promising news to emerge from this government was the closing of a free trade deal between Mercosur and the European Union during the G-20 meeting in Japan. That agreement is a first step to end Brazil’s economic and technological isolation imposed by the PT governments and has the potential to improve the economic efficiency and growth in the medium term.

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