Brazil’s Economic Growth Will be Sustainable Through Reforms, Says Central Bank

Economic growth, coupled with reforms, will be sustainable, unlike in the past. The assessment is made by the president of the Central Bank (BC), Roberto Campos Neto, who yesterday, September 26th, presented the Quarterly Inflation Report.

RIO DE JANEIRO, BRAZIL - In its Quarterly Inflation Report, the Central Bank estimates that Gross Domestic Product (GDP) will grow by 0.9 percent this year and 1.8 percent in 2020.

According to Campos Neto, there was greater growth of the economy in the past, driven by public money. "But it was chicken-flight [short-lived] growth".

Now, he said, there has been a change with a greater share of private money in economic growth . . .

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