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LatinNews Regional Monitor: Brazil & Southern Cone - 22 November 2018

In brief: Brazil

* The Organisation for Economic Co-operation and Development (OECD) has released its November 2018 Economic Outlook report in which it forecasts 1.2% GDP growth for Brazil in 2018. The OECD predicts that growth will gain momentum over the next two years as private consumption increases, stimulated by low inflation, moderate wage growth, and decreasing unemployment. The biggest challenge for the incoming government of President-elect Jair Bolsonaro will be to dissipate uncertainty around the implementation of economic reforms, and to push through a pension reform. The report also recommends that Brazil expand its ‘Bolsa Família’ conditional cash transfer programme as a way of fighting inequality, and that it reverse the policies that were put in place in response to the lorry drivers’ strike last May, such as lower taxes on diesel fuel. 

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