I am not optimistic about the Brazilian economy in the long term #1

Here in Madrid people ask me frequently about my personal views on the future of Brazil. I do not have anything particularly interesting or insightful to say, but I share the concerns of many fellow economists that there are major problems ahead:

• The huge demographic bonus is going to end soon: here and here;
• The pension system is insane: here (pdf) and here (pdf in Portuguese) and there are no signs of major changes.

(to be continued...)