{"id":148525,"date":"2018-04-02T19:39:23","date_gmt":"2018-04-02T21:39:23","guid":{"rendered":"https:\/\/anba.com.br\/?p=148525"},"modified":"2018-04-02T20:06:12","modified_gmt":"2018-04-02T22:06:12","slug":"finance-minister-says-gdp-see-wider-growth","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/finance-minister-says-gdp-see-wider-growth\/","title":{"rendered":"Finance minister says GDP could see wider growth"},"content":{"rendered":"

S\u00e3o Paulo \u2013 Brazil\u2019s Finance minister Henrique Meirelles said this Monday (2) in a lecture at the Brazil-Arab Countries Economic Forum, in S\u00e3o Paulo, that he believes the national economy will grow by a higher-than-expected rate. At the event held by the Arab Brazilian Chamber of Commerce<\/strong>, the minister pointed out that the administration\u2019s official GDP growth forecast remains at 3%.<\/p>\n

\"\"
Minister said the country made its way out of recession<\/figcaption><\/figure>\n

\u201cWe got Brazil out of the worst recession in its history,\u201d the Finance minister said, referencing the economic crisis that plagued the country over the past few years. In 2017, after\u00a0shrinking for two years on end, the economy grew by 1%.<\/p>\n

According to Meirelles, getting the country out of recession was the first of two missions he was tasked with upon taking office, in the wake of former president Dilma Rousseff\u2019s impeachment. \u201cThis one we have already accomplished,\u201d he said. The second mission, he said, is to get Brazil back on track to sustained, lasting growth.<\/p>\n

To this end, the government has relied on three pillars: fiscal measures, interest rates and productivity gains. Meirelles outlined some of the actions that were taken in each of those realms. Fiscal measures included a spending cap, a fiscal recovery regime for states, the narrowing of the debt the Brazilian Development Bank (BNDES) owes to Treasury, and a reworking of student loan program FIES.<\/p>\n

\"\"
Rubens Hannun (C) greets Meirelles as president Michel Temer looks on<\/figcaption><\/figure>\n

Regarding interest rates, he mentioned actions such as a good debtor list, changes in credit card instalment payment schemes \u2013 which he said\u00a0used to cause consumer debt to mount without them realizing it \u2013 and the electronic trade bill. As for productivity, the minister listed the labor reform, the outsourcing law and the future privatization of power utility company Eletrobras.<\/p>\n

\u201cI am positive that Brazil will keep going and that reforms will continue, with the people\u2019s support, so that the country can grow sustainably,\u201d the minister said, remarking that the many of the changes carried out by the administration are yet to take full effect. \u201cThey will become clearer over time,\u201d he said.<\/p>\n

Translated by Gabriel Pomerancblum<\/strong><\/p>\n

S\u00e9rgio Tomisaki\/ANBA<\/div>\n
Alexandre Rocha\/ANBA<\/div>\n
Sergio Tomisaki\/ANBA<\/div>\n","protected":false},"excerpt":{"rendered":"

At a lecture during the Brazil-Arab Countries Economic Forum, Henrique Meirelles of Brazil indicated that Gross Domestic Product might expand by more than the government\u2019s official 3% forecast.<\/p>\n","protected":false},"author":2299,"featured_media":148508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[552,232,550,551,544,553,547],"class_list":{"0":"post-148525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-arab-countries","9":"tag-brazil","10":"tag-economy","11":"tag-finance","12":"tag-forum","13":"tag-gdp","14":"tag-meirelles"},"wps_subtitle":"At a lecture during the Brazil-Arab Countries Economic Forum, Henrique Meirelles of Brazil indicated that Gross Domestic Product might expand by more than the government\u2019s official 3% forecast. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2299"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=148525"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/148525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/148508"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=148525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=148525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=148525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}