01933cas a2200265 a 4500 AALejournalIMF018195 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484337417 1018-5941 BD-DhAAL BD-DhAAL Krznar, Ivo. Investment in Brazil : From Crisis to Recovery / Ivo Krznar, Troy Matheson. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (16 pages) IMF Working Papers <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 While Brazil's deep recession has been broad based, it has been marked by a particularly large fall in investment. Real investment fell by around 30 percent between the beginning of 2014 and the beginning of 2017. This paper finds that a variety of factors contributed to the investment decline, including a deterioration in Brazil's medium-term growth prospects, rising real interest rates, falling terms of trade, rising uncertainty related to economic policy, rising levels of corporate leverage and lower cash flow. Some of the factors that have weighed on investment over recent years have begun to normalize providing some impetus for a recovery. However, still-high levels of corporate leverage and the prospect of continued uncertainty related to economic policy settings suggest a turnaround in investment is likely to be subdued. Mode of access: Internet Brazil imf Matheson, Troy. IMF Working Papers; Working Paper ; No. 2018/006 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/006/001.2018.issue-006-en.xml IMF e-Library