{"id":93935,"date":"2025-04-30T17:57:26","date_gmt":"2025-04-30T20:57:26","guid":{"rendered":"https:\/\/murray.adv.br\/?p=93935"},"modified":"2025-04-30T17:57:26","modified_gmt":"2025-04-30T20:57:26","slug":"fiscal-side-and-productivity-challenge-brazilian-growth","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/fiscal-side-and-productivity-challenge-brazilian-growth\/","title":{"rendered":"Fiscal side and productivity challenge Brazilian growth"},"content":{"rendered":"
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Valor Econ\u00f4mico debates future of country and hindsights with special edition celebrating its 25-year anniversary<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n
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04\/30\/2025 <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u2014 Photo: Pixabay<\/em><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n
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Brazil grew close to 3% or more in the last four years, a considerable pace, but one the country is unable to sustain.\u00a0Fiscal woes<\/a>\u00a0and nearly\u00a0stagnated productivity<\/a>, decades-long problems in the country, are holding back the economy from sustaining stronger growth.<\/p>\n<\/div>\n

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\u201cThe government is by far the biggest debtor, generating a demand that pressures interest rates and creates a vicious cycle which needs to be stopped,\u201d sums up former Central Bank president Arm\u00ednio Fraga, currently a principal at G\u00e1vea Investimentos. \u201cWe are unable to create an efficient state, with resource allocations that justify to society the tax burden\u2019s size,\u201d says former Brazilian Development Bank (BNDES) president Elena Landau.<\/p>\n<\/div>\n

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In order to improve the fiscal side, analysts underscore the importance of enacting measures to control spending, which include decoupling pensions and welfare benefits from the minimum wage, as well as enacting a new pension reform.<\/p>\n<\/div>\n

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A productivity that grows too slowly, except with agribusiness, represents another problem. Between 1995 and 2024, labor efficiency gains rose on average just 0.8% a year, according to FGV Ibre researcher Fernando Veloso. Given the weak efficiency gains, the economy is unable to grow faster without creating inflationary pressure.<\/p>\n<\/div>\n

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Fiscal uncertainties and low productivity are some of the topics discussed in this edition of Valor Econ\u00f4mico, which celebrates its 25-year anniversary with a 96-page special section. Among other challenges discussed are education problems, energy transition, and corporate efforts.<\/p>\n<\/div>\n

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\u201cSince early on, the paper set itself out to exercise a prominent role for national development,\u201d says Grupo Globo CEO Jo\u00e3o Roberto Marinho. \u201cValor helps promote the debate needed for enhancing public policy and contributes to improving Brazil\u2019s business environment,\u201d he adds. \u201cWe don\u2019t have interests, we have values. And such credibility, built among so many temptations, is the pillar of everything,\u201d says Frederic Kachar, generatl director of Editora Globo and Sistema Globo de R\u00e1dio.<\/p>\n

By\u00a0Valor\u00a0\u2014 S\u00e3o Paulo<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Valor Econ\u00f4mico debates future of country and hindsights with special edition celebrating its 25-year anniversary     04\/30\/2025 \u2014 Photo: Pixabay Brazil grew close to 3% or more in the last four years, a considerable pace, but one the country is unable to sustain.\u00a0Fiscal woes\u00a0and nearly\u00a0stagnated productivity, decades-long problems in the country, are holding back […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26071,26070],"class_list":["post-93935","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-challenge-brazilian-growth","tag-fiscal-side-and-productivity"],"yoast_head":"\nFiscal side and productivity challenge Brazilian growth - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/fiscal-side-and-productivity-challenge-brazilian-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fiscal side and productivity challenge Brazilian growth - 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