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This 2013 Article IV Consultation highlights that Brazil’s economy is recovering gradually from the slowdown that began in mid-2011. Consumption remained resilient last year underpinned by low unemployment and broad gains in real wages, although it has slowed somewhat more recently. After a protracted period of weakness, investment has begun to recover in recent quarters while business confidence has firmed. With the economy estimated to be operating close to potential, supply-side constraints have restrained near-term growth and exacerbated inflationary pressures. Financial conditions have tightened but credit growth has remained strong, driven by public banks’ lending.
Banks and banking -- Brazil. --- Brazil -- Economic policy. --- Economic development -- Brazil. --- Economic indicators -- Brazil. --- International Monetary Fund -- Brazil. --- Banks and Banking --- Exports and Imports --- Macroeconomics --- Public Finance --- Statistics --- Inflation --- Debt --- Debt Management --- Sovereign Debt --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Fiscal Policy --- International Lending and Debt Problems --- General Financial Markets: Government Policy and Regulation --- Price Level --- Deflation --- Public finance & taxation --- Banking --- International economics --- Econometrics & economic statistics --- Public debt --- External debt --- Fiscal stance --- State-owned banks --- Fiscal policy --- Prices --- Financial institutions --- Debts, Public --- Banks and banking --- Debts, External --- Finance --- Brazil
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