Brazilian Economy Minister: “I Never Said the Economy Would Grow This Year”

Economy Minister Paulo Guedes said Brazil has been suffering from years of economic slowdown as a result of the lack of control over public spending, a high tax burden and other "misfortunes," which have led to stagnation.

RIO DE JANEIRO, BRAZIL - In an interview with foreign correspondents in Rio, he criticized the demands on Jair Bolsonaro's government for an immediate upturn after years of "lost growth," and said he sees a more favorable scenario for 2020.

"I never said that the economy would grow this year," he said, noting that he knew that  Gross Domestic Product (GDP) would not reach the 2.5 percent that supported the budget proposal submitted by the Temer government for 2019 last year.

The minister tried to convey an optimistic view of the economy in 2020.

"I think there is a . . .

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