More than 25 years of democracy and political stability have allowed Brazil to make major strides in economic development, including cutting its official poverty rate by half. Yet the forces that provided much of the economy’s momentum during the past decade—an expanding labor force, credit-fueled consumption, and high commodity prices—are beginning to stall.
Image Courtesy of Salvatore Vuono / FreeDigitalPhotos.net
To read the original article: Brazil's path to inclusive growth | McKinsey & Company