Deciphering the next steps

This Macro Bulletin by Armando Castelar Pinheiro and Silvia Matos discusses the elected government's economic policy and the formation of the economic team and fiscal prospects for Brazil for 2023 and onward. The report states that there are doubts about the economic team, but many of its members have been announced. The report indicates that the Transition Constitutional Amendment has already been approved by the Senate, but this was not a good start. According to the report, the highly expansionary fiscal policy of the government will contribute to a period of low growth and very high inflation and interest rates.

Enjoy reading the full report!