I never promised that Brazil would continue to grow in a ‘V’, says Paulo Guedes – 12/12/2021 – Mercado

Economy Minister Paulo Guedes said in an interview with the band’s “Canal Livery” program last Sunday night (12) that he promised recovery “V”However, it did not guarantee the country’s continued growth.

The minister said, “I didn’t say that Brazil will continue with a ‘V’. We put Brazil on its two feet, and this is a ‘V’. Let’s go to the future,” the minister said, assuring that the Brazilian economy experienced a rapid recovery after a sharp recovery. decline during the epidemic.

The economy fell 0.1% in the third quarter, compared to the immediately preceding three months, according to gross domestic product (GDP) data from IBGE (Brazilian Institute of Geography and Statistics). The result reinforces the scenario of economic stagnation.

almost high inflation With interest rates rising, Guedes also stated that central banks around the world are “sleeping at the wheel”, while Brazilian banks are “waking up first”.

He also said that inflation is British Columbia’s responsibility and that the foundation’s president, Roberto Campos Neto, has a lot of work to do.

The minister also said that the government intended to continue pushing the concession program and that Brazil would end the government “perhaps without a public airport”.

On the talk show, Guedes also told reporters that he advocates for the privatization of Petrobras, for a strong market economy and for competition.

“Petrobras should be privatized. It has been a vertical monopoly for decades. I want to see a strong market economy. I want to see competition in the distribution, extraction and generation of oil.”

The minister also said that sometimes state-owned companies are exploited and sometimes people are exploited. “If there is an energy problem in Brazil today, it is because we have a monopoly called Eletrobras.”

Although most analysts point to breaking the spending cap and criticize it a PEC from PrioryThe minister said there is no financial shortage of oversight on the part of the government. “With inflation rising, expenditures have gone up. The ceiling is being respected in real terms.”

Guedes also stated that although he did not provide a forecast for next year, he believed in the resilience of the Brazilian economy.

“I don’t want to be a seller of illusions, I’m not saying it will be easy, but just putting another side to this defeatism, this perception that everything is wrong in Brazil. We are in the middle of a war, there has been general poverty but we are facing it.”