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This country note from Going for Growth 2015 for Brazil identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Brazil has demonstrated relatively good resilience during the crisis, like many major emerging-market economies.
Source: OECD Main Economic Indicators (updated continuously) - Composite leading indicators (CLIs) are calculated for 29 OECD countries (Iceland is not included), 6 non-member economies and 9 zone aggregates. A country CLI comprises a set of component series selected from a wide range of key short-term economic indicators mainly covered in the MEI database.
Brazil has made remarkable progress in reducing poverty and inequality. This reduction is explained by strong growth but also by effective social policies. Besides growth, public services and cash transfers have played the biggest role, the latter notably through the successful "Bolsa Familia" programme.
Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive.
We are launching today our sixth Economic Survey of Brazil. Today Brazil has one of the world’s largest economies. Its economic growth has been reasonable, even though the global economy is still facing the problems created by the financial crisis and its recovery has been hesitant and uneven.
OECD Secretary-General Angel Gurría will present two new major publications on Brazil during news conferences on 22 October in Brasilia. He will also hold a series of high-level meetings with Brazilian government officials.
The global scenario is less benign for the region due to a downturn in global trade, a decline in commodity prices and increased uncertainty surrounding external financing, says the new Latin American Economic Outlook.
After a decade of relatively strong growth, Latin America is facing headwinds associated with declining trade, a moderation in commodity prices and increasing uncertainty over external financial conditions, according to the latest Latin American Economic Outlook jointly produced by the OECD Development Centre, the UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and CAF - Development Bank of Latin America.
Brazil’s labour leaders have long argued against pursuing economic growth for its own sake. What matters most, they believe, is not the size of the economic pie but how it’s carved up. In recent years, calls for social justice have increasingly informed policy in Brazil, bringing about a veritable “revolution” in the economy.