Grace Fan

Director, Brazil/Latin America Research

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Recent Brazil research

* Brazil: New electoral rules for 2018, Grace Fan, Elizabeth Johnson, 12 Oct 2017
* Brazil: Little time left for reform, Elizabeth Johnson, Grace Fan, 5 Oct 2017
* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017
* Brazil: Foreign investors buoy energy auctions, Elizabeth Johnson, Grace Fan, 28 Sep 2017
* Brazil: Temer shifts back to survival mode, Grace Fan, Elizabeth Johnson, 20 Sep 2017

See all our Brazil research >>

Update: Inflation fears spur more tax cuts for Brazilian industry

Overview

In our recent note ("Reassessing Dilma’s bolder new industrial policy"), we anticipated the Brazilian government’s earlier-than-expected move, on 8 March, to lower federal taxes on the country’s basic basket of goods (cesta basica). Although the decision illustrates the administration’s growing panic about the unholy convergence of rising inflation, still-fragile industrial growth and a low rate of investment, it will undoubtedly help anchor consumption of consumer staples this...

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