Home Administration Finance Minister: Brazil will grow the double of IMF’s forecast

Finance Minister: Brazil will grow the double of IMF’s forecast

62
0
SHARE

Brazil’s Minister of Finance, Henrique Meirelles –  who is considering to run for President in next October elections-  is optimist about the country’s economic growth this year. At the World Economic Forum, in Davos, Switzerland, he forecasted a 3 percent (“or higher”) Gross Domestic Product (GDP) growth in 2018, a figure that doubles the International Monetary Fund’s (IMF) forecast.

Meirelles cited future pension reform and the country’s upcoming elections as cause for optimism, as it will bring an end to years of corruption-plagued administrations. He didn’t specify if he was also referring to current President Temer’s administration. On pension reform, watchers warn that it is not sure it will be approved by Congress members eyeing an un upcoming election.