One Percent Yearly Growth Not Normal for Country Like Brazil, Says Treasury Secretary

Mansueto Almeida contradicted Ministed Minister Paulo Guedes on GDP and stated that the country is experiencing "tremendous difficulties".

RIO DE JANEIRO, BRAZIL - The Secretary of the National Treasury, Mansueto Almeida, said on Thursday, March 5th, that the country is experiencing "tremendous difficulties" and said it is not "normal" for a nation like Brazil to grow one percent a year.

The Gross Domestic Product (GDP) result for 2019, released on Wednesday, March 4th, reported that the Brazilian economy had grown only 1.1 percent.

"I'm deeply concerned, I don't sleep well . . .

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