Brazil no longer has fiscal room for public investment, says Frischtak

The Inter.B consultancy economist perceives risks with the return of populism and sees public investment becoming a reality only if reforms are passed.

RIO DE JANEIRO, BRAZIL - (CNN Brasil) Economist Cláudio Frischtak is considered one of the biggest names in Brazil when it comes to infrastructure. Founder of the international business consulting firm Inter.B and one of the people in charge of the World Bank's industry and energy area for seven years, he does not see room for the State to promote growth in Brazil, something that is occurring in the United States and Europe.

According to him, the current government has also failed to create a relationship of trust with investors and the current interventionism of President Jair Bolsonaro . . .

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