Over the past two decades, strong growth combined with remarkable social progress has made Brazil one of the world’s leading economies.
Au sortir d’une longue récession, l’embellie se confirme au Brésil, qui devrait enregistrer une croissance soutenue en 2018 et en 2019 à mesure que les réformes structurelles récemment mises en place commenceront à porter leurs fruits, selon un nouveau rapport de l'OCDE.
I am delighted to be back in Brasília to present the OECD’s 2018 Economic Survey of Brazil. Let me begin by thanking the Ministry of Finance and Minister Meirelles for their support in the preparation of this Survey, and the Central Bank Governor Goldfajn for hosting us today.
Pensions have been successful in reducing old-age poverty well below the population-wide average, and below the OECD average. At present, all pension recipients – and this includes around 90% of those aged 65 and above – receive at least the minimum wage, which is more than 5 times as much as the poverty line of BRL 170 (equivalent to USD 55).
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Brazil’s old-age pensions have reduced old-age poverty below OECD levels, but pension expenditures of 8.2% of GDP are expected to rise rapidly as the population ages. A pension reform is necessary to ensure the financial sustainability of the system.
There is strong international evidence that trade liberalisation and increased international integration are key elements of a successful growth strategy. Exposure to international competition, sourcing internationally and learning by exporting accelerates technological upgrading and fosters productivity growth.
Brazil remains a fairly closed economy, with small trade flows relative to its share of world income. This paper explores the effects of three possible policy reforms to strengthen Brazil’s integration into global trade: a reduction in import tariffs, less local content requirements and a full zero-rating of exports in indirect taxes.
Brazil has made remarkable social and economic progress in the past two decades, but must now overcome important challenges if it is to put its economy on a stronger, fairer, greener growth trajectory, according to two new reports from the OECD.
25 million people have been lifted out of poverty in only a decade. Bucking the trends in most OECD countries, inequality has been coming down, albeit from high levels, as the incomes of the poorest 10% have increased at three times the rate of the richest 10% since 2003.