Guedes says assessment Brazil won’t grow is “crazy talk”

“Every day I am informed of an increase in investment, $ 1 billion, $ 500 million, $ 2 billion, every day. So to say that Brazil will not grow is simply a mistake,” said Guedes Photo: Isaac Nobrega / Presidency of the Republic

Economy Minister Paulo Guedes said the assessment that Brazil will not grow is “crazy talk” and that there are billions of investment commitments made for the next few years. The declaration took place this Thursday (2), during the participation in the National Meeting of the airport, in Brasilia.

“Since we are talking about take-off. We have $ 600 billion in pipeline investment commitments for the coming years. Growth is contracted. This talk that Brazil will not grow is crazy talk. Which has 600 billion dollars of contracts signed in all sectors, natural gas, oil extraction, sanitation, cabotage, railways, airports. It’s all contracted, ”he said.

Data from the Brazilian Institute of Geography and Statistics (IBGE) released today shows that Brazil’s gross domestic product (GDP) fell 0.1% in the third quarter, compared to the previous three months. In the second quarter, wealth creation, which reached 2.2 trillion reais, had already fallen by 0.4%, as revised.

“Every day I am informed of an increase in investment, $ 1 billion, $ 500 million, $ 2 billion, every day. So to say that Brazil will not develop is simply a mistake. Brazil will grow, ”said Guedes, who also commented on the IBGE data.

“Today a data came out, we entered a technical recession, GDP fell 0.1% in the quarter. The stock market rose 3%, if anyone took that seriously. GDP was going to go down, the stock market would not go up, it would go up because, also telling you, the PEC for Precatório has just been approved in the second round, “he said.

According to him, this means that public spending is under control. “It is said a lot that Brazil has lost control of the inspector. It’s a political story, fake news. The fiscal truths are written there, ”he said.

Related Articles

Back to top button