We are growing above the world average, says Guedes in Dubai

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The Minister of Economy, Paulo Guedes, stated this Monday (15) that the Brazilian economy is growing above the world average. At an event in Dubai, at United Arab Emirates, he defended the government’s spending-cutting measures.

“Brazil was one of the economies that fell the least, that returned faster, created more jobs and we are also growing above the world average. All the predictions that Brazil will fall 10%, we fall 4%, that Brazil would be depressed, we go back in V. We created jobs during the year 2020, instead of the previous recessions”, he said.

Guedes stated that the government’s objective is for Brazil to be “a great market economy”. “Having 200 million inhabitants in the mass consumption market, and whose growth is driven by private investments, by large international investments”.

He said the government has transformed the public sector, through privatization and removing the “privileges” of social Security, whose reform was approved in 2019.

“The Brazilian government spent a lot, and it spent badly. The economy was a paradise for rentiers and a hell for entrepreneurs, now Brazil is becoming a paradise for entrepreneurs”, said the minister.

Reference: CNN Brasil

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