The various forecasts circulating of the GDP growth rate needed to stabilize unemployment in Brazil tend to miss the important point that productivity growth is typically faster in the early stages of an economic recovery. Accordingly, even on our more optimistic forecasts for GDP growth, it’s possible that the jobless rate may not start to improve for another year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services