04270oam 22011534 450 991015501250332120230913112557.01-4755-5330-71-4755-5332-3(CKB)3710000000973040(BIP)077143928(IMF)1BRAEA2016001(EXLCZ)99371000000097304020020129d2016 uf 0engtxtrdacontentcrdamediacrrdacarrierBrazil : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for BrazilWashington, D.C. :International Monetary Fund,2016.1 online resource (96 p.) IMF Staff Country Reports1-4755-5319-6 The economy is still in its deepest recession in decades, partly the result of the failure of past policies. The recession has been aggravated by a political crisis, which had, until recently, paralyzed policymaking and further damaged confidence. President Rousseff was impeached for responsibility crimes related to fiscal practices on August 31, and the government that took office in May will remain in charge until January 1st, 2019. Markets have responded positively to the new government’s reform agenda, bolstering asset prices and confidence and helping the country ride a positive wave of sentiment toward emerging economies. However, while some high-frequency indicators suggest the recession may be nearing its end, the implementation of much-needed reforms to durably restore policy credibility is subject to risks.IMF Staff Country Reports; Country Report ;No. 2016/348Banks and BankingimfExports and ImportsimfForeign ExchangeimfMacroeconomicsimfPublic FinanceimfInflationimfDebtimfDebt ManagementimfSovereign DebtimfFiscal PolicyimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfNational Government Expenditures and Related Policies: GeneralimfInternational Lending and Debt ProblemsimfPrice LevelimfDeflationimfPublic finance & taxationimfBankingimfInternational economicsimfCurrencyimfForeign exchangeimfEconomic growthimfPublic debtimfFiscal stanceimfExpenditureimfExternal debtimfFiscal policyimfPricesimfDebts, PublicimfBanks and bankingimfExpenditures, PublicimfDebts, ExternalimfBrazilimfBanks and BankingExports and ImportsForeign ExchangeMacroeconomicsPublic FinanceInflationDebtDebt ManagementSovereign DebtFiscal PolicyBanksDepository InstitutionsMicro Finance InstitutionsMortgagesNational Government Expenditures and Related Policies: GeneralInternational Lending and Debt ProblemsPrice LevelDeflationPublic finance & taxationBankingInternational economicsCurrencyForeign exchangeEconomic growthPublic debtFiscal stanceExpenditureExternal debtFiscal policyPricesDebts, PublicBanks and bankingExpenditures, PublicDebts, ExternalDcWaIMFBOOK9910155012503321Brazil467337UNINA