2023: a year of many challenges

The Bulletin discusses the economic policy of the Brazilian government in 2023, with a focus on the fiscal deficit, establishment of a new fiscal framework, tax reform, public-private partnerships, state-owned banks, and Petrobras. The short-term economic outlook for Brazil is not positive, with growth forecasted at 0.2% due to the worsening financial conditions, high-interest rates, and stubbornly high inflation. The global economic outlook is also unfavorable, with a slowdown in world growth and high international interest rates. The authors suggest that a consistent and credible economic agenda is necessary to address these challenges.

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