S\u00e3o Paulo \u2013 Brazil has been \u201cconsolidating itself among the nations that grow most for some time,\u201d said country Finance minister Guido Mantega, on commenting a study disclosed by the Centre for Economics and Business Research (CEBR), which placed Brazil as the sixth main economy in the world, ahead of the United Kingdom. Mantega made the statement in a short interview to television channels, among them TV Brasil<\/i>, on Monday (26), in S\u00e3o Paulo.<\/p>\n
\u201cThis is something that has come to stay, as we observe that several countries in the world are in a crisis and will continue growing slowly, as is the case with the European nations. [We] have become the sixth economy in the world on overtaking the United Kingdom and have chances to continue overtaking other European nations, which are going to continue slow for years to come,\u201d said the minister.<\/p>\n
Mantega also added that the challenges for Brazil are to maintain the dynamism and \u201cface the problems that this crisis [in Europe] puts us in\u201d. Among the problems, the minister mentioned the lack of international credit and the growth of \u201cpredatory competition\u201d.<\/p>\n
According to the minister, Brazil may reach 2015 as the fifth largest economy in the world, if the economy continues growing. \u201cWe may expand our growth average and exceed 4% in coming years,\u201d he said.<\/p>\n
To Mantega, despite now being the sixth economy in the world, Brazil cannot yet be considered a developed economy. \u201cWe must improve the standard of living. We must also improve health, education and provide greater chances for people to buy their own homes. We still face many challenges to reach the European standard.\u201d<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Brazilian Finance Minister Guido Mantega said that Brazil should consolidate itself as the world\u2019s sixth largest economy, ahead of the UK, and may climb further in future.<\/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-40252","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Brazilian Finance Minister Guido Mantega said that Brazil should consolidate itself as the world\u2019s sixth largest economy, ahead of the UK, and may climb further in future.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40252","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=40252"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40252\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}