OECD Review of the Brazilian Economy

The OECD today published their latest review of the performance of the Brazilian economy - one of the BRIC nations. The policy briefing can be downloaded using this link.

There is a broadly favourable assessment of where Brazil stands during this global downturn

“Brazil’s economic fundamentals have improved considerably in the ten years following the abandonment of exchange-rate management in 1999 and adoption of a policy framework combining inflation targeting, rules-based fiscal management and a flexible exchange rate. The economy is therefore weathering the effects of the unfolding global financial and economic crisis rather well, and an incipient recovery is getting under way.”