Brazil Officials Call for Structural Reforms After 1.1% GDP Growth in 2018

Structural reforms, such as social security, must be approved for the country not to register another 'lost decade' say officials.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – The GDP growth for Brazil in 2018 was disappointing, increasing by only by 1.1 percent compared to 2017, according to Brazil’s Institute of Geography and Statistics (IBGE). For stronger results, structural reforms must be conducted, say government officials.

"In order for GDP per capita to grow again in a sustainable manner, it is necessary for structural reforms to occur. The new Social Security (reform) is a necessary condition for the long-term fiscal balance of the economy, improving the investment environment and avoiding a new lost decade," stated . . .

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