The Brazilian economy’s recovery is slow and fragile but the risk today of a new recession is “very low,” says economist Marcelle Chauvet, of the University of California, Riverside."The factors of uncertainty, which are several, do not cause a recession; they act as if it were a brake on production and consumption," says Ms. Chauvet, a member of the Brazilian Economic Cycles Dating Committee (Codace) of Fundação Getulio Vargas (FGV).
For 2019, she sees an open scenario for the Brazilian economy but cannot rule out a recession or a stronger growth of activity depending on the electoral outcome.
