Brazil's Economic Transformation Leads to Sharp Declines in Unemployment and Poverty
The Brazilian economy has changed a lot in the past decade. After years of slow growth, things started improving in 2004. The economy grew faster, even during the global financial crisis in 2008-09. Unemployment, poverty, and extreme poverty went down, and income inequality decreased. The government's policies played a big role in these changes. However, there has been a slowdown in the economy in recent years. The paper looks at these changes and the government's actions since 2011.