The government’s latest change to financing rules leads to criticism over its credibility.
Fiscal Policy
More industry woes
Declining industrial production provokes calls for reduction of bureaucracy and the tax burden.
Mantega "hanging on by a thread"
Despite persistent rumours to the contrary, the consensus among commentators is that finance minister Guido Mantega will remain in his post.
BNDES firepower lights up 4Q
Disbursements by the development bank rose nearly 30% YoY, raising expectations that the fall in investment may be over
A fiscal shift
Local economists have been quick to criticise the government’s moves to loosen the purse strings.
Starting to grasp the tax nettle
Reform of the value-added ICMS tax is welcome, and more moves should come before the end of the year.
Avoiding economic gridlock
For anyone stuck in São Paulo's nightmarish traffic jams – as I was repeatedly this week – more cars on the road seems like the last thing Brazil needs.
Brazil’s new policy mix needs another stir
The transition to tight fiscal policy and loose monetary policy has some way to go, says Pedro Carvalho de Mello
Stimulus, again, and growth
Forecasters see a sharper slowdown this year, followed by a stronger recovery in 2013.
