Brazil in­di­ca­tors show re­cov­ery

China Daily (Hong Kong) - - BUSINESS -

Brazil’s most re­cent eco­nomic in­di­ca­tors showed that the coun­try is re­cov­er­ing from a two-year-long re­ces­sion, Fi­nance Min­is­ter Hen­rique Meirelles said. “At the mo­ment, there is no sign the growth path has been re­versed. Sev­eral June in­di­ca­tors show ad­vances, like en­ergy con­sump­tion and ve­hi­cle pro­duc­tion,” he said, adding that the Brazil­ian in­sti­tu­tions are solid. “The eco­nomic team is fo­cused on the eco­nomic re­form, work­ing day and night to en­sure the coun­try will re­sume grow­ing,” Meirelles said. Though Brazil’s most re­cent GDP fig­ures were pos­i­tive, show­ing a mild growth of the econ­omy, the coun­try is still un­der the ef­fects of a long eco­nomic cri­sis. Brazil­ian econ­o­mists said last month that it was too soon to de­clare the coun­try’s two-year re­ces­sion over, de­spite pos­i­tive first quar­ter re­sults.

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