In Davos, Guedes is questioned, but does not comment on a change in the presidency of Petrobras

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Economy Minister Paulo Guedes declined to comment on the change in the presidency of Petrobras. This Tuesday (24) the minister participated in a lunch organized by Itaú Unibanco in the midst of the World Economic Forum, in Davos, Switzerland.

Upon arriving at the Belvedere hotel, where the event was held, the minister was questioned by journalists about the resignation of José Mauro Coelho and the appointment of Caio Paes de Andrade —then secretary of Guedes—, but the minister declined to comment on the matter and entered at the event without speaking to the press. The same happened at the end of the event.

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After lunch, the chief economist at Itaú Unibanco, Mário Mesquita, said that the change of names at Petrobras was not the subject of the lunch, and the participants did not question the minister about the change.

Mesquita told journalists that Guedes and the other participants talked about the prospects for the Brazilian and world economy, and the risk of recession in the world economy that is beginning to be mentioned in some macroeconomic scenarios.

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Regarding inflation, the economist at Itaú Unibanco also mentioned that the tax reduction recently announced by the federal government only temporarily helps prices. Therefore, the impact is limited and temporary.

Asked about the fiscal impact, he recognizes that there is a loss of revenue, but that it is necessary to understand the real impact of measures such as the ICMS reduction project on fuel and energy.

Source: CNN Brasil

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