Minister Guedes denies Brazil is losing control of its economy, despite political noise

The Minister stated that the economy is growing and the public accounts deficit is dropping.

RIO DE JANEIRO, BRAZIL - Despite the noise caused by expectations surrounding the 2022 elections, Brazil is not losing control of economic fundamentals, Minister of Economy Paulo Guedes said yesterday, August 23.

In an event promoted by the Brazilian Association of Industrial Property (ABPI), the Minister stated that the economy is growing and the public accounts deficit is dropping.

"There is absolutely no grounds, from a strictly economic standpoint, to say that Brazil is losing control. It is precisely the opposite: Brazil has undergone the greatest fiscal crisis, the greatest depression of modern times, and rebounded in record time," he said . . .

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