IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-54981-5_3.html
   My bibliography  Save this book chapter

The Brazilian Economy after the Global Crisis: An Assessment of the Economic Slowdown in 2011–2012

In: The Brazilian Economy Today

Author

Listed:
  • Luiz Fernando Paula
  • André Melo Modenesi
  • Manoel Carlos C. Pires

Abstract

The Brazilian economy grew only 1.8 percent per annum on average in 2011–2012, in contrast with growth of 3.6 percent per annum in 2001–2010. In spite of the change in the economic policy mix (notably a sharp reduction in the interest rate and currency devaluation) and a fiscal stimulus to manufacturing firms (including a reduction of the tax on some manufactured products and exemption of the payroll in various manufacturing sectors, etc.), economic growth dropped in 2012 (0.9 percent). Such a performance has given rise to some criticism from orthodox economists related to the efficacy of activist economic policy that seeks to to boost sustained growth in Brazil.

Suggested Citation

  • Luiz Fernando Paula & André Melo Modenesi & Manoel Carlos C. Pires, 2015. "The Brazilian Economy after the Global Crisis: An Assessment of the Economic Slowdown in 2011–2012," Palgrave Macmillan Books, in: Anthony W. Pereira & Lauro Mattei (ed.), The Brazilian Economy Today, chapter 3, pages 43-73, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-54981-5_3
    DOI: 10.1057/9781137549815_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-54981-5_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.