Tuesday, October 4, 2016

The recession in Brazil is coming to an end – the News Journal

The International Monetary Fund (IMF) released on Tuesday, forecasts for Brazil, considering that the economy will shrink 3.3 percent this year, but says that the end of recession is near.

In its report World Economic Outlook, the IMF notes that “the brazilian economy remains in recession, but activity seems to be near out of the bottom of the well”.

In a statement, the IMF noted that Brazil continues to face a condition of macroeconomic difficult, but its prospects have been strengthened positively in some way since April.

The analysis adds that these indicators represent an additional confirmation that “the economy of Brazil is close to exiting the recession.”

THE IMF also added that “there is a global need to increase the confidence and increase the investment through the strengthening of the policy framework”.

Doing an analysis of the main economic indicators of Brazil, the IMF estimated that in 2017 the country’s economy should grow by 0.5%, the same forecast presented in July of this year.

The institution believes that the inflation in Brazil is expected to reach 9 percent in 2016 and be reduced to 5.4% in 2017.

as for the prediction about the unemployment rate in the nation indicates an increasing trend, passing from 11.2% to 11.5% in the next year.


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