BRIZIL has moved up
the ranks of the world’s largest economies while making economic growth
ever more inclusive. Renewed economic dynamism will allow it to continue
converging with more advanced economies and ensuring that disadvantaged
groups share in the benefits of future growth, according to the OECD’s
latest Economic Survey of Brazil.
The report points to areas where Brazil can
build on past achievements and pave the way for stronger growth in the years
to come.
“Brazil is reaping the benefits of years of reforms that have delivered greater
economic prosperity and a fairer distribution of the benefits of growth among
the population,” OECD Secretary-General Angel Gurría said. “Growth and sensible
policies have allowed 40 million people to join the middle class over the
last decade. Now the challenge is to create the conditions that will allow
further improvements to living standards and sustained reductions in income
inequality in a sound macroeconomic environment.”
Brazil’s success has been built on solid fiscal and monetary policy frameworks.
To consolidate these achievements, the OECD says it is important that Brazil
build on its hard-won reputation by managing the public finances in a clear,
predictable and transparent manner. Brazil should also continue to tighten
monetary policy as required to bring inflation back to the 4.5% target.
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