RIO DE JANEIRO, BRAZIL - Brazil's accession the Organization for Economic Cooperation and Development (OECD) could boost per capita economic growth by 0.4% per year, according to a study published by the Institute for Applied Economic Research (IPEA).
Brazil's accession to the OECD would encourage capital, investment and international trade flows, boosting Gross Domestic Product growth by about US$7 billion per year, IPEA said in a report.
Brazil's per capita GDP has plummeted in recent years as the economy failed to fully rebound from the 2015 to 2016 recession, while the Brazilian currency has depreciated against . . .