Important indicators for the economy have begun to show a positive trajectory. Decreased country risk, high stock market and an appreciated real against the dollar all point to a better country, one that is becoming increasingly closer to returning to sustainable growth.

These indicators show that Brazil has become more reliable and stable for investors and consumers.

For this reason, GDP forecasts for this year are likely to be revised upwards in March, according to Finance Minister Henrique Meirelles. The government’s growth forecast for 2017 is now at 1%.

“There has been a number of important changes, a positive inflection in the Brazilian economy. We believe that we should let those consolidate, and only then analyse GDP growth,” the minister said.

Leave a Reply