Bras\u00edlia \u2013 This Thursday (10th), the Brazilian minister of Finance, Guido Mantega, stated that despite the timid global growth perspectives resulting from the international crisis, Brazil will not have a \u201clost decade,\u201d a term used yesterday by the managing director of the International Monetary Fund (FMI), Christine Lagarde, while speaking on the risks facing the world economy.<\/p>\n
\u201cOf course it is possible that advanced countries will have a lost decade, but I guarantee to you that Brazil will not, because we possess the conditions to react to this crisis, to neuter its effects on Brazil,\u201d he said during an address at Pal\u00e1cio do Planalto<\/i> (the presidential palace), in the capital Bras\u00edlia.<\/p>\n
Mantega stated that the worsening of the international crisis requires that Brazilian economy be strengthened \u201cas a whole\u201d and that in order for the country to be successful in this \u201centerprise,\u201d the government and Congress, and society must work ceaselessly, by passing acts and measures. \u201cWe must continually take action to strengthen the Brazilian economy and most of all to maintain a solid fiscal situation,\u201d he said.<\/p>\n
The minister also said we are \u201cfacing a difficult to solve crisis\u201d that mainly affects advanced economies, and that a growing number of countries is becoming a part of it. Mantega, however, claimed that these nations will manage to address the situation.<\/p>\n
\u201cI believe that they (the countries) will eventually solve it, soften its effects, but we must also be prepared to face low global growth for many years to come,\u201d he said.<\/p>\n
* With information from the ANBA newsroom. Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
IMF director Christine Lagarde used the expression while discussing the risks facing the world economy. Minister Guido Mantega ensured that the country can \u2018neuter\u2019 the effects of the crisis.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","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":[],"class_list":{"0":"post-39819","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"IMF director Christine Lagarde used the expression while discussing the risks facing the world economy. Minister Guido Mantega ensured that the country can \u2018neuter\u2019 the effects of the crisis.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39819","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\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=39819"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/39819\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=39819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=39819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=39819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}