IMF Projects Ongoing Fiscal Struggles for Brazil During Lula’s Presidency

The International Monetary Fund (IMF) has downgraded its fiscal projections for Brazil, predicting continued budget deficits until the end of President Luiz Inácio Lula da Silva’s term. Revised IMF forecasts, unveiled during Spring Meetings in Washington, reflect consequences of Brazil’s fiscal target adjustments by the economic team. Brazil is expected to face a primary deficit […]