The Impact of the International Financial Crisis on Brazil

• Autores: José Roberto Mendonça de Barros
• Localización: Análisis del Real Instituto Elcano ( ARI ), ISSN-e 1696-3466, Nº. 38, 2010
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• Resumen

  • The global balance indicates that Brazil has managed to weather the international financial crisis reasonably well, despite having been severely hit initially. Brazil felt the financial crisis most strongly at the end of 2008 and industry was particularly affected. Yet the situation began to improve in the second quarter of 2009. When it comes to the whys and wherefores, the strong institutional framework and a cautious monetary policy have been key to managing the crisis, which has led to inflation being kept under control and on a downward trend.