Development and Finance from issue 2009/4

Annamária Artner

Crisis Management in Brazil

- Abstract -

JEL O-54

The Brazilian economy with its population of 192 million grew by 3-6% in the years leading up to the crisis. Similarly to many other countries (China, Greece), in the current crisis the key question is whether growth in domestic market demand can compensate for the narrowing sales and expansion opportunities on the global market? Stimulating demand is now the responsibility of the Brazilian middle-class, which has been strengthening recently, a task that should be helped by the new infrastructure investments and the greater liquidity on the money market. The Brazilian economy underwent dynamic development in the years prior to the crisis. For this reason its importance is rising both on a regional and global scale, and many believe this country will be one of the most significant international economic players of the coming decades. In spite of the crisis, Brazil’s prospects are looking good, which supports both its livelier role in the international economy and its proactive approach with regard to establishing the financial systems of the future.

Annamária Artner, CSc, senior research fellow (Institute for World Economics of the Hungarian Academy of Sciences)

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