# Brazil: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Brazil in: IMF Staff Country Reports Volume 2018 Issue 253 (2018)

> The IMF's 2018 Article IV consultation for Brazil says the economy is recovering moderately after a 2015-16 recession that cut cumulative real GDP by 8.2 percent. Growth of 1 percent in 2017 is projected to accelerate to 1.8 percent in 2018 and 2.5 percent in 2019, driven by consumption and investment. The IMF also estimates the output gap at about -3.5 percent and flags remaining risks.

- Date: 2018-08-03 · published 2018-08-03T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/9468-brazil-2018-article-iv-consultation-press-release-staff-report-and-statement-by
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A gradual Brazilian recovery supports domestic demand for feed grains and meat, but the risks flagged point to limited upside. The effect on feed prices is modest and mainly indirect.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2019-03-21 | [221th Meeting of the Monetary Policy Committee (“Copom”) of the Central Bank of Brazil Press Release — The Industry Spread](https://feedsoft.ai/events/60308-221th-meeting-of-the-monetary-policy-committee-copom-of-the-central-bank-of.md) | +4.6% | +4.0% |
| USDBRL | 2023-12-12 | [USDBRL should reflect Brazil's GDP, employment and services in the US, and data for China](https://feedsoft.ai/events/32942-usdbrl-should-reflect-brazil-s-gdp-employment-and-services-in-the-us-and-data.md) | -0.1% | -1.0% |
| USDBRL | 2020-06-16 | [Brazil: A monetary policy test for the BRL \| articles \| ING THINK](https://feedsoft.ai/events/52814-brazil-a-monetary-policy-test-for-the-brl-articles-ing-think.md) | +0.3% | +4.2% |
| USDBRL | 2024-01-31 | [User \| chroniclejournal.com - USD/BRL forecast as the Fed and Brazil Central Bank diverge](https://feedsoft.ai/events/32326-user-chroniclejournal-com-usd-brl-forecast-as-the-fed-and-brazil-central-bank.md) | -0.2% | -0.2% |
| USDBRL | 2020-12-14 | [Citywire Selector \| Brazil could be the surprise story of 2021, says Pictet EMD chief](https://feedsoft.ai/events/49853-citywire-selector-brazil-could-be-the-surprise-story-of-2021-says-pictet-emd.md) | +0.5% | +4.7% |

## Sources

- elibrary.imf.org: https://www.elibrary.imf.org/view/journals/002/2018/253/article-A001-en.xml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.