Brazil

The fast and strong recovery of the Brazilian economy in 2009 was mostly due to a combination of non-orthodox compensatory policies. The Federal authorities broke with the neoliberal orientation followed by previous administrations and by President Lula himself in his first term. The Brazilian experience shows that social policies can also be supportive of economic growth. However, although the situation is still under control, as the world economy is turning the page of the international crisis, a second wave of crisis and instability may be forming right now with no clear picture of what the outcome may look like.
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