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This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in a new environment.
Brazil under-invested in infrastructure for over three decades, and infrastructure investment rates have come up only slowly since 2007. Infrastructure needs are sizeable in almost all sectors.
Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential reasons for these low investment rates and discusses policy options to achieve faster capital accumulation.
The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.
Brazil’s economic and social progress has been remarkable. Key challenges to achieve better economic and social performance will be to damp inflation, to remove obstacles to investment and foster infrastructure developments.
OECD Secretary-General Angel Gurría will present two new major publications on Brazil during news conferences 26-27 October in Brasilia.
Performance of fiscal policy, while good in international comparison, is not sufficient to prepare for future ageing-related spending increases.
Mexico has a relatively large informal sector by OECD standards.
Good progress is being made to cut the fiscal deficit, but more needs to be done. The banking system has been recapitalized but deleveraging must continue. Structural reforms should address high unemployment and further improve competitiveness.
The Irish economy still faces tough challenges as the country exits from a deep recession and banking crisis, but its long-term prospects now appear better than many of the other hard hit European countries, according to the OECD’s latest Economic Survey of Ireland.