S\u00e3o Paulo \u2013 Although the Brazilian minister Finance Guido Mantega considered the 0.6% GDP growth rate in quarter three lower than expected, this Friday (30th) in S\u00e3o Paulo he claimed to be satisfied with the result released this morning by the Brazilian Institute for Geography and Statistics (IBGE). However, he confirmed that new stimulus measures are being prepared. <\/p>\n
\u201cThe growth rate was not exactly what we expected, but we are on the right track,\u201d he said. Mantega announced that the federal government will implement financing-oriented measures to keep stimulating the economy. The official announcement should take place in the next few days. \u201cWe will leave it for next week,\u201d he said. <\/p>\n
Mantega said the reaction of the Brazilian economy in the last few quarters reflects a recovery across all sectors of the economy. However, the growth rate in quarter three was lower than expected. \u201cIt was not as high as we hoped. No analyst forecasted a growth rate under 1%. Mantega was referring to approximately 40 consulting firms which made GDP growth forecasts. <\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Finance minister Guido Mantega said he is satisfied with the GDP\u2019s growth in quarter three, but new measures will be announced next week.<\/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-43275","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Finance minister Guido Mantega said he is satisfied with the GDP\u2019s growth in quarter three, but new measures will be announced next week.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/43275","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=43275"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/43275\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=43275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=43275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=43275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}