Brazil Predicts 4 Percent Growth if Reforms Approved

For Finance Minister, Henrique Meirelles, the country could grow as much as four percent per year if reforms, like social security, are approved in Congress.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Finance Minister Henrique Meirelles was in Washington D.C. on Thursday (October 12th) and said Brazil has the potential to grow by four percent per year - in the next three to four years - if the much-needed economic reforms are approved by Congress.

"It is an optimistic scenario, but a possible one,” Meirelles told reporters. "Our growth expectations are being reviewed by economic analysts every day,” he said.

If these reforms are not approved, however, the government will have to more drastic measures to reduce its spending and comply with . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?