Disbelief in a consistent recovery

Place of Publication
Conjuncture
Publication date
Summary

Director of Brazil at the Inter-American Development Bank (IDB) for four years, until June 2016, economist Ricardo Carneiro, professor at the University of Campinas (Unicamp), also does not believe in a consistent recovery of the economy this or next year, assessing that the scenario is more like stagnation, with growth of 0,5% this year and around 1% in 2018, with GDP per capita remaining negative this year and stagnant next year. “We stabilized at rock bottom after losing more than 8% in two years,” he said.

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