A Reversal in Shared Prosperity in Brazil

• Tác giả: Matias Ciaschi
• Ngôn ngữ: eng
• Ký hiệu phân loại: 278.1 Christianity in South America Christian church in South
• Thông tin xuất bản: World Bank, Washington, DC, 2020
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 308014
• Chủ đề: 1. EQUITABLE GROWTH; 2. EXTREME POVERTY; 3. INEQUALITY; 4. MIDDLE CLASS; 5. MINIMUM WAGE

Tóm tắt

The Coronavirus (COVID-19) pandemic arrived in Brazil while the poorest forty percent of the population was still recovering from the 2014-2016 crisis. After boosting Latin America's reduction in poverty and inequality for the previous decade, Brazil's 2014-2016 crisis and recovery are a stark departure from the previous decade as Brazil's inclusive growth turned significantly regressive. As millions of jobs were lost, Brazil's expansive social protection system was unable to effectively serve as a countercyclical protection system. This note analyses the recently released household data from 2012 through 2019 to better understand the severity of the 2014-2016 crisis across income groups, as well as the uneven and slow recovery experienced following this crisis.