Brazil’s Economy Minister forecasts 5% growth for 2021

This estimate improves by half a percentage point the expectations previously held by the Ministry of Economy itself and the central bank.

RIO DE JANEIRO, BRAZIL - Brazil's Minister of Economy, Paulo Guedes, increased growth forecasts for 2021 and said on Tuesday, July 13, that the Gross Domestic Product (GDP) is heading towards an expansion "around 5%" this year.

That estimate improves by half a percentage point the expectations that the Ministry of Economy itself and the Central Bank held until now and, according to Guedes, is supported by the improvement that various economic indicators have experienced in recent weeks.

"The Brazilian economy is coming back much faster than expected," the minister declared in reference to the hard blow that the country . . .

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