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Brazil's position in the global economy

机译：巴西在全球经济中的地位

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Brazil's economy is the largest in Latin America. It is burdened by a high public debt/GDP ratio and tepid economic growth dynamics. Productivity-enhancing structural reforms are needed to improve competitiveness and anchor long-term fiscal sustainability. After taking office in 2019, the far-right administration of President Jair Bolsonaro pursued a sweeping business-friendly economic reform agenda. However, despite successfully implementing changes to the pensions system, the introduction of other major reforms, particularly to the tax regime, largely stalled owing to disagreements between the administration and Congress. The onset of the coronavirus (covid-19) pandemic in 2020 delayed this process further, particularly as the government's mismanaged response worsened the public health impacts of the crisis. Progress on structural reforms will be left to the administration that takes office in 2023. The October 2022 presidential election is likely to result in a return to power of former President Luiz Inacio Lula da Silva (2003-10) of the left-wing Partido dos Trabalhadores. A third Lula term would be more centrist than leftist, and EIU expects that he would pursue pragmatic (but less market-oriented) policies.
机译：巴西经济是最大的在拉丁美洲。它是由一个高负担公共债务/ GDP比率和缓慢的经济增长动力。提高生产率的结构性改革需要提高竞争力和锚长期的财政可持续性。办公室2019年,极右翼的管理总统睚珥Bolsonaro追求全面亲商的经济改革议程。然而,尽管成功地实施改变养老金系统,介绍其他重大改革,特别是税收政权,主要由于分歧停滞不前在政府和国会之间。冠状病毒的发作(covid-19)大流行2020年进一步推迟了这一过程,特别是作为政府的管理不善反应恶化公共卫生危机的影响。在结构性改革将离开政府在2023年就职。2022年10月总统选举很可能导致重新掌权的前总统老左执导工人党。会比左派更加中立,学人预计,他将追求务实(但更少以市场为导向)的政策。

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    《Country Commerce: Brazil》 |2022年第10期|4-4|共1页
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