Brazil

In 1996, Brazil's declining inflation rate reached its lowest level since the 1950s, while the economy experienced only moderate growth, attributable to the restrictive policies put in place to deal with external and fiscal imbalances. A heavy influx of capital, composed mainly of medium-and long-term flows, financed the large balance-of-payments current account deficit. However, the size of the deficit (4% of GDP) and the delay in making significant adjustments to the public-sector accounts prompted concerns that these flows might reverse course, undermining the achievements of the Real Plan in terms of price stability and level of output.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions