Despite headwinds from higher interest rates in the US and at home, the Brazilian economy is nevertheless emerging from a period of prolonged stagnation. After growing an average of 0.2 percent a year between 2015 and 2022, national growth averaged…

Over the past two decades, Brazil has seen two great swings in its distribution of real national income. In the years between 2004 and 2014, the wage share increased progressively. This phenomenon faced severe political resistance. The momentous events of…