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Economic Survey of Latin America and the Caribbean 2007-2008

Macroeconomic Policy and Volatility

image of Economic Survey of Latin America and the Caribbean 2007-2008

The Economic Survey is one of ECLAC's flagship publications, and has been issued since 1948. This new edition covers the region's economic performance in 2007 and the first semester of 2008, and suggests growth estimates for this year.

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Brazil

In 2007, the Brazilian economy continued its growth, with GDP rising by 5.4% annually and by 5.8% in the 12 months up to 2008. However, the country may face some obstacles in 2008, given that changes in the external situation may affect the balance of payments, as well as the considerable increase in internal demand and higher international commodity prices pushing up inflation and altering the economic policy implemented by the authorities. Within this new scenario, in 2008 GDP is expected to grow by 4.7% and cumulative inflation should be above 5% (4.5% in 2007).

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