Brazil’s economy may have shrunk by less than 4% last year: Guedes

RIO DE JANEIRO, BRAZIL – Brazil’s economy could grow 3.5% this year and may have shrunk last year by less than 4%, Economy Minister Paulo Guedes said on Tuesday, March 2nd, stressing again that a resumption of emergency cash transfers to the poor must be within a fiscal framework that ensures longer-term sustainability.

Speaking in a live online event hosted by radio station Jovem Pan, Guedes said the government is drafting employment and income programs to help the economy ease its way out of the pandemic, notably the cwhich he said saved 11 million jobs last year.

Related coverage: Brazil currency slide not all justified by fundamentals – Central Bank president · Brazil registers single-day record of 1,641 COVID-19 deaths (March 2nd) · Multinationals no longer considering Argentina are looking at neighboring countries · No crisis between Brazil, China and the United States, says Brazil´s Foreign Minister

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Brazil runoff, Sunday, October 25: When is the Brazil runoff election. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.