1945

The performance of the Brazilian economy in 1994 was strongly influenced by the implementation of the Real Plan, which -in contrast with the seven previous stabilization programmes that Brazil had tried out over nearly a decade- succeeded in slashing what had become a runaway inflation rate. The plan was implemented in the midst of the election campaign to fill executive and legislative seats at the federal and state levels. The new administration which took office in January 1995 embraced the main thrust of its predecessor's economic policy and confined itself to making adjustments to strengthen the stabilization programme.

Related Subject(s): Economic and Social Development
Countries: Brazil
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