Grace Fan

Director, Brazil/Latin America Research

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Recent Brazil research

* Brazil: Keeping the flame alive, Grace Fan, Elizabeth Johnson, 7 Dec 2017
* Brazil: Down to the wire, Grace Fan, Elizabeth Johnson, 30 Nov 2017
* Brazil: The rise of the Right, Grace Fan, Elizabeth Johnson, 22 Nov 2017
* Brazil: Energy overhaul plans are unveiled, Elizabeth Johnson, Grace Fan, 16 Nov 2017
* Brazil: Energy overhaul plans are unveiled, Elizabeth Johnson, Grace Fan, 16 Nov 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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