The Brazilian-American Chamber of Commerce, in partnership with the Brazil-Texas Chamber of Commerce, was pleased to host our 2024 Brazil Economic Conference. For the third consecutive year, Brazil’s economy was set to grow at a rate of 3% or more – an impressive outcome for an economy facing stagnant productivity and a low rate of potential output. Growth was being driven by increases in real consumption and a rise in capital expenditure.

While external factors fueled growth in 2023, 2024 expansion was led by domestic demand – although this shift presented its own challenges. Over the last quarter-century, from a macroeconomic perspective, Brazil has successfully established stable monetary and exchange rate regimes, which have supported growth. However, the country has yet to implement a sustainable fiscal regime, which continued to be a source of instability. A distinguished panel of analysts explored these and other key issues shaping Brazil’s economic outlook.