IMF Says Reforms Needed for Brazil’s Economic Recovery

The IMF report predicts that with the reforms Brazil will emerge from a full two-year recession in 2017 and grow by 0.2 percent.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The proposed amendment of a limit on public spending and the Brazilian government's effort to reform social Security are important factors for restart of economic growth in the country, says the latest Fiscal Monitor report released by the International Monetary Fund (IMF) on Wednesday.

According to the IMF although the country’s turbulent political scenario constitutes a source of uncertainty the Temer Administration has pressed ahead with the necessary reforms.

“They have recently this week, at the highest level, reaffirmed their determination to continue with the reforms, pressing ahead . . .

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