Brazilian Economic Outlook seminar debates elections and potential economic impacts
FGV’s Brazilian Institute of Economics (IBRE) will host the 1st Economic Outlook Seminar of 2018, on March 8, from 4 p.m. to 6 p.m., in Sao Paulo (Rua Itapeva, 432, FGV 9 de Julho Auditorium - Bela Vista, Sao Paulo/SP). During the seminar, IBRE researchers Silvia Matos, Armando Castelar, Bráulio Borges and Samuel Pessôa, and the professor from FGV’s Sao Paulo School of Business Administration (EAESP), Fernando Abrucio, will discuss how macroeconomic indicators could sway the upcoming elections and, on the other hand, how the foggy political scenario could impact the country’s economy this year.
According to Castelar, coordinator of IBRE’s Applied Economics area, political news is currently far less predictable than economic news – and this trend should stretch out across 2018. “We will discuss the elections and debate how this event will interact with the economy. Recent indicators, regarding both the economy and inflation, have shown surprisingly positive results. The seminar will also break down this positive scenario”, he said.
Experts will analyze macroeconomic indicators and share their forecasts for Brazil and the foreign scenario in the short and medium terms. Castelar pointed out that the economy is being steered by a more favorable foreign scenario in 2018. “We expect the Selic rate to fall once again, this time down to 6.5%. The recovery in investments should outweigh consumption, although the latter has a stronger bearing over the economy and is less sensitive to the lack of a Social Security reform. It is more closely linked to credit”, said Castelar, stating that the growth trend will be driven by a recovery in household consumption, ultimately improving the job market and its financial deleveraging.
The meeting will welcome economists, students and other interested parties. Go to the website for more information.