Following a period of sustained economic growth, Brazil’s economy has been in a deep recession since early 2014. Brazil’s economy contracted by some 7.5% in 2015-16, and should post modest growth in 2017. However, since 2016 the São Paulo stock market has been rising steadily. In this context, this is a fascinating time to discuss the country’s macroeconomic outlook, particularly given the structural reforms that President Temer is seeking to implement. Indeed, the manner in which a number of Latin American countries manage these periods of transition can be viewed as a vital theme for the region in the coming years.
Dr. Mario Mesquita is the Chief Economist at Itaú Unibanco, Brazil’s largest private sector bank. Mario Mesquita, holds a doctorate in economics from Oxford University, and was a Senior Partner at Banco Brasil Plural, a Deputy Governor of the Central Bank of Brazil, the Chief Economist at ABN AMRO Brazil and LATAM, the Economics Director at FEBRABAN, the Brazilian Bankers Federation, and was an economist at the IMF staff.
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