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2017 OECD Economic Outlook, Volume 2017 Issue 2

image of OECD Economic Outlook, Volume 2017 Issue 2

The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.

Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on resilience in a time of high debt, a chapter summarising developments and providing projections for each individual country and a statistical annex.

 

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Brazil

After falling for eight consecutive quarters, growth has finally resumed. Initially driven by agriculture, the recovery now appears increasingly broad-based. Growth is expected to strengthen further, although confidence will remain sensitive to political developments. Inflation has fallen to below the central bank’s target, raising real incomes and allowing lower interest rates, which will support a recovery of investment. Credit to the corporate sector is still falling, but unemployment has already started to decline.

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