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Tag Archives: Brazil

Outlook for Latin America and the Caribbean: A Stalling Recovery

By Alejandro Werner Español Economic activity in Latin America and the Caribbean remains sluggish. Real GDP is expected to grow by 0.6 percent in 2019—the slowest rate since 2016—before rising to 2.3 percent in 2020. The weak momentum reflects negative surprises in the first half of 2019, elevated domestic policy uncertainty in some large economies, heightened US-China trade tensions, and somewhat lower global growth. Elevated policy uncertainty in some large economies of the region has...

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Chart of the WeekCorruption and Your Money

By IMFBlog The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good. Equally damaging is the way it corrodes the government’s ability to help grow the economy in a way that benefits all citizens. And no country is immune to corruption. Our Chart of the Week from the Fiscal Monitor analyzes more than 180 countries and finds that more corrupt countries collect fewer taxes,...

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Communications as a Policy Tool

By Gerry Rice and Olga Stankova عربي, 中文, Español, Русский When it comes to forging economic policy, communicating with the public is no longer an afterthought. Instead, communications are increasingly seen as a policy tool in itself. To be sure, communications can never be a substitute for good policies. But economic reforms are more likely to fail or even be reversed unless they are understood, believed, and accepted by those whom they affect. The same principle applies to a wide range of...

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Designing Labor Policies to Foster Inclusive Growth in Emerging Markets

By Romain Duval and Prakash Loungani Emerging market economies have enjoyed good growth in recent decades but are still far from closing gaps in living standards with advanced economies. Emerging markets also need growth to be shared by everyone, particularly by providing their growing populations with good jobs and social protection. In a new IMF staff paper, we look at how the design of labor markets—institutions and policies—could foster inclusive growth in these countries.    ...

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High Debt Hampers Countries’ Response to a Fast-Changing Global Economy

By Vitor Gaspar, John Ralyea, and Elif Ture عربي, 中文, Español, Français, 日本語, Português, Русский Economic growth is slowing and public debt remains high across the world. Meanwhile, demographic changes and technological advances are reshaping the global economy. Everyone’s opportunities for a good education, along with their job prospects, healthcare, and retirement income depend on the tax and spending choices governments make as they respond to these challenges. What should policymakers...

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Tackling Corruption in Government

By Vitor Gaspar, Paolo Mauro and Paulo Medas عربي, Español, Français, Português, Русский No country is immune to corruption. The abuse of public office for private gain erodes people’s trust in government and institutions, makes public policies less effective and fair, and siphons taxpayers’ money away from schools, roads, and hospitals. While the wasted money is important, the cost is about much more. Corruption corrodes the government’s ability to help grow the economy in a way that...

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Chart of the WeekYoung and Disconnected from Work

By IMFBlog Young people face tough labor markets and job shortages in countries all over the world. For example, about 20 percent of 15- to 24-year-olds in the average emerging market and developing economy are neither in work nor in school—this group includes countries such as Brazil, Ghana, and Malaysia, among others. This is double the share in the average advanced economy. How can emerging markets close this gap? A recent IMF staff study points to a series of policies that can improve...

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Chart of the Week: Trade’s Impact on Brazil’s Industries

By Antonio Spilimbergo (Español, Português) Brazil’s economy is very closed, and the government is working to open the country to more trade. Currently, Brazil’s trade flows—exports plus imports—average a minimal 25 percent of its GDP—making the country one of the least open amongst G20 countries. As this chart of the week shows, from a chapter by Goés et al. in our book Brazil: Boom, Bust, and the Road to Recovery, we use a heatmap to divide the country into 558 regional groups to...

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Latin America and the Caribbean in 2019: A Moderate Expansion

By Alejandro Werner Español, Português Economic activity in Latin America continues to rise, but at a slower rate than previously anticipated. The weakening global economy and rising policy uncertainty are contributing to slowing Latin America’s growth momentum. Overall, the region is expected to advance by 2 percent in 2019 and 2.5 percent in 2020—still well below peer countries in other regions. A tightening of global financial conditions and lower commodity prices brought on by...

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G20: Step Up to Boost Inclusive Growth

By Christine Lagarde November 28, 2018 عربي, 中文, Español, Português, Русский Puerto Madero harbor, Buenos Aires, Argentina: G20 countries will need to act swiftly and together to boost inclusive growth (photo: Florian Kopp imageBROKER/Newscom) As G20 leaders gather in Argentina, the global economy faces a critical juncture. We have had a good stretch of solid growth by historical standards, but now we are facing a period where significant risks are materializing and darker clouds are...

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