A Reversal in Shared Prosperity in Brazil
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.
| Main Authors: | , , , , |
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| Format: | Brief biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020-07-31
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| Subjects: | EXTREME POVERTY, MIDDLE CLASS, EQUITABLE GROWTH, INEQUALITY, MINIMUM WAGE, CORONOAVIRUS, COVID-19, PANDEMIC IMPACT, ECONOMIC CRISIS, SHARED PROSPERITY, MONITORING POVERTY, |
| Online Access: | http://documents.worldbank.org/curated/en/375591598346747067/Brazil-s-Poverty-and-Inequality-Since-the-2014-2016-Domestic-Crisis https://hdl.handle.net/10986/34411 |
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