41. Economic Survey of Brazil, 2005
- Publication Date:
- 03-2005
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- This Survey's general assessment is that Brazil is currently reaping the benefits of macroeconomic consolidation, underpinned by a prudent policy stance. Much progress has been made in fiscal consolidation and monetary policy continues to be conducted in a forward- looking manner. The external adjustment has been remarkable, with continued strong export performance, making the economy more resilient to changes in market sentiment. These achievements owe much to the strengthening of institutions, in particular the inflation targeting framework and the Fiscal Responsibility legislation. The economic recovery is now firmly established. But the consolidation of macroeconomic stability remains essential moving forward, coupled with further structural reform, to ensure that the positive outlook ushers in a virtuous circle of improved confidence and resilient, equitable growth.
- Topic:
- Economics, Government, and International Trade and Finance
- Political Geography:
- Brazil and South America