Business Confidence in Brazil Wanes, Awaiting Welfare Reform

Analysts hope the social security reform, expected to save Brazil over R$930 billion during the next ten years, will increase investor optimism.

SÃO PAULO, BRAZIL – The final vote on the social security bill at Brazil’s Chamber of Deputies will only be held in August, after congressional members return from their mid-year recess, but its approval in Congress will favor the recovery of production and investments, rebalancing public accounts in the medium term, says the National Confederation of Industry (CNI).

"The (social security) changes can balance the welfare deficit in the medium . . .

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