In 2023, GDP growth reached 2.9 percent thanks to a bumper harvest, receding inflation pressures, and a robust labor market. This, along with Bolsa Família expansion, helped reduce poverty. In 2024, economic activity is expected to moderate and fiscal risks will increase as the zero primary deficit target imposes an urgent need to increase revenues and contain expenditures. In the absence of significant fiscal adjustment, concerns over debt stabilization remain
Authors
- Disclosure Date
- 2024/04/15
- Disclosure Status
- Disclosed
- Doc Name
- Macro Poverty Outlook for Brazil : April 2024
- Originating Unit
- EFI-MTI-Global Macro and Debt (EMFMD)
- Published in
- United States of America
- Series Name
- Macro Poverty Outlook (MPO);
- Unit Owning
- EFI-MTI-Global Macro and Debt (EMFMD)
- Version Type
- Final
- Volume No
- 1
