Recession and recovery: the worst of the crisis

Autores

  • Yoshiaki Nakano

Resumo

In Brazil, most recent indicators suggest that the economy is clearly recovering, but there is a need for caution in making projections. The worst consequence of the crisis was not the cyclical fall in GDP and higher unemployment, but the interruption of a process of rising potential growth of the Brazilian economy that has been on course for the past few years. The decline of potential GDP has major consequences for the recovery and resumption of growth, says Yoshiaki Nakano.

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Publicado

2009-05-27

Edição

Seção

Brazilian (Economy)