Seminar debates economic prospects for first quarter of 2020
The Brazilian economy once more showed some mixed signs at the end of last year and the country is trying to move forward with new structural reforms, such as changes to the tax system. On the international stage, the coronavirus outbreak has proved a major challenge for China and other countries around the world, which are already feeling the impacts of the resulting economic slowdown, including declines in commodity prices. Argentina, the main importer of Brazilian manufactured goods, continues to suffer from severe economic problems. These and other subjects will be debated at the 1Q2020 Prospects Seminar, to be held by newspaper O Estado de S.Paulo and Fundação Getulio Vargas’ Brazilian Institute of Economics (FGV IBRE) in the FGV 9 de Julho Auditorium, at Rua Itapeva, 432, Bela Vista, Sao Paulo, on March 6, from 9 am to 12:30 pm.
During the event, which will be free to attend and open to the public, FGV IBRE will unveil its GDP forecast for this year. The event will feature FGV IBRE researchers Silvia Matos, Armando Castelar, Samuel Pessôa, Livio Ribeiro and Bráulio Borges, INSPER professor Fernando Schüler, and O Estado de S.Paulo journalists.
The focus will be on prospects for the Brazilian economy. Despite its difficulties, the country continues to show signs of steady recovery in 2020, and the macroeconomic situation is relatively solid. However, the pace of recovery is still in doubt and it will be influenced by the approval of structural reforms, in areas such as tax and public administration. As in 2019, it seems that the success of these reforms will depend on Congress, given that the government insists on not organizing a formal parliamentary support base. Furthermore, according to Bráulio Borges, “it is also important for monetary policy to quickly respond to new shocks.” The seminar’s discussions will therefore encompass the economy, politics and the links between them.
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