Brazil Economic Snapshot

> Clique aqui para versão em português

GDP growth is projected to reach 5% in 2021, but to slow down to 1.4% in 2022 and 2.1% in 2023. The vaccination campaign has accelerated and economic activity, underpinned by private consumption and investment, restarted as restrictions were lifted. Exports have benefited from the global recovery, the robust demand for commodities and a weak exchange rate. However, supply bottlenecks, lower purchasing power, higher interest rates and policy uncertainty have slowed the pace of recovery. The labour market is recovering with some delay and unemployment remains above pre-pandemic levels.  

• Access Brazil Projection Data
• Access Economic Outlook Digital Report

2021 Structural Reform Priorities

• Social protection: Increase the effectiveness of social benefits
• Education and skills: Enhance equity and outcomes in education and professional training
• Competition and regulation: Reduce barriers to competition and trade
• Tax system: Reduce distortions in the tax system
• Environmental policy: Preserve natural assets and halt deforestation

>> Going for Growth homepage

The COVID-19 pandemic has caused severe human suffering and triggered a deep recession in Brazil. Economic policies reacted in a timely and decisive manner to the crisis, supporting millions of Brazilians. But a strong and inclusive recovery from the recession will require long-lasting improvements in economic policies. Improving fiscal outcomes remains one of Brazil’s principal challenges given a high debt burden, to which the pandemic has added significantly.

• Watch the Press Conference 
• Difficult decisions in difficult times - Improving public spending in Brazil, Blog post
• Escolhas difíceis em tempos difíceis - Melhorando os gastos públicos no Brasil, Blog post
• Listen to the authors discuss the survey (Podcast in Portuguese)
• Overview
• Press release
• Read the survey online
• Previous surveys on Brazil
• Latin America: Blog Posts