Brazil Officially Coming Out of Recession: Economy Minister

Paulo Guedes stresses a drop in infections and says a vaccine is coming.

RIO DE JANEIRO, BRAZIL - Brazil is officially coming out of the recession, Minister of Economy Paulo Guedes said yesterday, November 13th, at the 39th Foreign Trade National Meeting (ENAEX). "Today we received the news that Brazil is officially coming out of the recession," Guedes said.

He noted that his "working assumption" is that contamination by the novel coronavirus is declining and that the "vaccine is coming". "Brazil is succeeding in fighting the disease. This is a fact occurring on the health side. On the economic side, it is a fact that Brazil is coming out of the recession," he stressed . . .

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