Brazil’s political-economic outlook to be debated at FGV
The recent truckers’ strike in Brazil raised a yellow flag, prompting economists to review their calculations for the main macroeconomic indicators. In this context, FGV’s Brazilian Institute of Economics (FGV IBRE) will host the 2nd Brazilian Economic Outlook Seminar of 2018 on June 11, at FGV’s Cultural Center (Praia de Botafogo Beach, 186 – Botafogo, Rio de Janeiro/ RJ), from 4 p.m. to 6 p.m. During the meeting, in addition to presenting the forecasts for inflation, GDP and the job market, among others, IBRE researchers will discuss the scenario created by the political uncertainty surrounding the upcoming elections, the worsening of the external environment, the confidence of entrepreneurs and consumers, and the potential impacts of these variables on the economy.
The event will include economists Armando Castelar, José Julio Senna, Samuel Pessôa and Silvia Matos (IBRE), political scientist Carlos Pereira (FGV’s Brazilian School of Public and Business Administration (EBAPE)), and the Chief International Analyst of IGP Gestão de Recursos, Paulo Grahl.
According to Matos, Coordinator of IBRE’s Macro Bulletin, the current moment requires us to monitor the effects of the strike and be cautious when reviewing the figures. “We already know that the strike will have some impact on the economy and inflation. We have lowered our growth projection from 2.3% to 1.9%, not only due to the strike, but also to the weakness of the economy in the early year”, said the economist.
“However, the strike could have some side effects, due to lower confidence among agents and financial conditions, which may further reduce growth projections for this year”, she said.
The seminar is free and geared toward students, economists, professionals from related areas and people interested in the subject.
Go to the website to learn more and to register.