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.