Turmoil in Brazil Not to Effect Economy, GDP to Grow

Finance Minister Meirelles says the economic agenda continues normally despite current political turbulence and that GDP will grow by 2 percent in Q4 of 2017.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Although acknowledging that forecasts for the country’s GDP growth next year continue to decline, Brazil’s Finance Minister, Henrique Meirelles, said on Monday that the government expects Brazil will register some growth already in the first quarter of next year.

Meirelles also said that the political tension caused by the recent plea-bargains by Odebrecht executives will not affect the country’s economy.

“Our expectation is that Brazil is already working with growth in the first quarter of 2017,” said Minister Meirelles during a conference in Rio de Janeiro . . .

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