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Brazil’s economic reform roads

Brazil’s economic reform roads Abstract In 2015–2016, Brazil endured the deepest recession in its history. GDP fell by 7.3% in 2 years. Unlike recent crises in other emerging markets, characterized by a balance of payments emergency, domestic factors were the main reason for Brazil’s economic downfall. Brazil’s “Great Recession”, however, opened the door for a series of macroeconomic reforms aimed at reshaping the world’s eighth largest economy. This article discusses recent developments in the Brazilian economy and why they led to one of the most comprehensive reform programs in the world. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

Brazil’s economic reform roads

Business Economics , Volume 55 (2): 12 – Apr 1, 2020

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Publisher
Springer Journals
Copyright
2020 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-020-00162-8
Publisher site
See Article on Publisher Site

Abstract

Abstract In 2015–2016, Brazil endured the deepest recession in its history. GDP fell by 7.3% in 2 years. Unlike recent crises in other emerging markets, characterized by a balance of payments emergency, domestic factors were the main reason for Brazil’s economic downfall. Brazil’s “Great Recession”, however, opened the door for a series of macroeconomic reforms aimed at reshaping the world’s eighth largest economy. This article discusses recent developments in the Brazilian economy and why they led to one of the most comprehensive reform programs in the world.

Journal

Business EconomicsSpringer Journals

Published: Apr 1, 2020

References