Brazil’s Meirelles Sees Economic Growth if Reforms Approved

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Finance minister in Brazil, Henrique Meirelles, said that although the country should register slow growth due to the deep level of recession Brazil should reach the end of the year growing at a ‘strong rate’ if the necessary microeconomic and labor reforms are approved.

Meirelles is at the annual International Monetary Fund’s (IMF) Spring Meeting in Washington D.C., and said, “Our expectation is that we will have stronger than expected growth in 2018.”

According to the Brazilian official, growth in 2018 may exceed the three percent level if Congress approves the labor and social security reforms proposed by the Temer Administration. The Brazilian government is currently forecasting a 0.5 percent growth of…