Brazilian Economic (Mantega)

Brazilian Economic Outlook by Minister of Finance Guido Mantega, in Economist Conferences – The high-growth markets summit 2012. “The world economy remains in a deep crisis, while growth resumes in Brazil – Advanced economies: slow growth and decrease in consumption. Too little, too late; The global crisis also affects emerging economies, although with lower intensity than in advanced economies; Monetary policies alone do not solve advanced economies’ problems and bring side effects to everyone; The 2012 crisis is already as harmful as the 2008 crisis. Brazil is implementing a set of policies that sustains economic growth – Expansive monetary policy; Solid and anti-cyclical fiscal policy; More competitiveness for the Brazilian real; Promoting investments and consumption; Reduction of financial, tax and infrastructure costs…”