Gloomy prospects for the economy

Resumo

At the IBRE Economic Analysis Seminar in mid-September, staff researchers expressed considerable concern about the economy at a point where there is no external crisis to justify Brazil’s internal crisis. The mood was pessimistic. To get the primary surplus close to the government target in 2015, it will be necessary to reduce subsidies, eliminate tax exemptions, and make a greater fiscal effort. Solange Monteiro reports numerous telling details.