01884cas a2200241 a 4500 AALejournalIMF017803 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484309896 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Brazil : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Brazil. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (76 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2017 Article IV Consultation highlights that Brazil's deep recession appears close to an end. The recession, triggered by large macroeconomic imbalances and a loss of confidence, was exacerbated by declining terms of trade, tight financing conditions, and a political crisis. Growth is projected to be 0.3 percent in 2017 and 1.3 percent in 2018, moving toward 2 percent in the medium term. Inflation is projected to undershoot its central target of 4.5 percent in 2017 and 2018. The forecast assumes that a sufficiently strong set of measures are put in place to ensure fiscal sustainability. Political instability and spillovers from the corruption investigation are major sources of risk that could threaten the reform agenda and the recovery. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/215 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/215/002.2017.issue-215-en.xml IMF e-Library