RIO DE JANEIRO, BRAZIL - Emerging from the current deep recession caused by Covid-19 will call for a stronger productivity growth in Brazil, and reducing judicial inefficiency and uncertainty is key to boosting business activity in the country, suggests a study published by the Organization for Economic Cooperation and Development (OECD).
The study conducted by economists Jens Matthias Arnold and Robert Grundke emphasizes the need for Brazil to increase competition, achieve greater integration with the global economy, improve financial intermediation structure, simplify the tax system, solve infrastructure bottlenecks, and improve the efficiency of the judiciary.
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