Brazil - Probabilities of Recession (Chauvet 2001)

Last recession in Brazil started in the third quarter of 2008 (peak) and ended in the first quarter of 2009 (trough).

This was the shortest and deepest recession in Brazil since 1980.

Brazil is currently experiencing a period of economic boom.

Real Time Probability of Recession for Brazil

in September 2012: 12.6%

(As of the end October 2012 data available up to September 2012)

The probabilities are calculated according to the model proposed in:

Chauvet, M. (2001), "A Monthly Indicator of Brazilian GDP," Brazilian Review of Econometrics, 21, 1, 1-47.

The paper can be downloaded from here:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=253713