Brazilian Economic Outlook Ulisses Ruiz-de-Gamboa

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Presentation transcript:

Brazilian Economic Outlook Ulisses Ruiz-de-Gamboa www.spchamber.com.br Ulisses Ruiz-de-Gamboa Economist, Ph.D. March 12, 2018

Agenda Introduction Recent Economic Developments Future Prospects

Introduction

Main Figures Territorial extension: 8,515,767 km2; Total population: 207,7 inhabitants (2016); GDP: US$ 2,033 Billion (2017); GDP per capita (PPP): US$ 9,722 (2017).

Macroeconomic Policy Main features of the macroeconomic policy framework: Inflation-targeting system; Primary fiscal surplus-targeting; Exchange rate flexibility

Recent Economic Developments

GDP Annual Rate of Change % Source: Bradesco

Unemployment Rate – Annual Average % Source: Bradesco

Inflation – Annual Rate % Source: Bradesco

Nominal Interest Rate – Annual Rate % Source: Bradesco

Current Account – % GDP Source: Bradesco

Foreign Direct Investment – US$ Million Source: Bradesco

Primary Fiscal Surplus – % GDP Source: Bradesco

Exchange Rate and CDS Spreads Source: Bradesco

Future Prospects

Structural Reforms Agenda Source: Brazilian Ministry of Finance

GDP Annual Rate of Change % Source: Bradesco

Industrial Confidence Index Source: Bradesco

Consumer Confidence Index Source: Bradesco

Agricultural Production – Annual Rate of Change % Source: Bradesco

Industrial Production – Annual Rate of Change % Source: Bradesco

Services – Annual Rate of Change % Source: Bradesco

Retail Sales – Annual Rate of Change % Source: Bradesco

Investments – Annual Rate of Change % Source: Bradesco

Construction – Annual Rate of Change % Source: Bradesco

Investment Opportunities Source: Brazilian Ministry of Finance

Investment Opportunities Source: Brazilian Ministry of Finance

Other Positive Prospects Expansion of middle (C) class; Brazilian financial system is well capitalized; Provisioning is rigorous; Favorable demographics until 2025;

Thank You! uruizdegamboa@acsp.com.br