Foreign Minister Felipe Solá (File photo). | NA
Brazil’s hostile attitudes have killed debate within Mercosur, in particular due to the negative stances of its ultra-liberal Economy Minister Paulo Guedes, complained Foreign Minister Felipe Solá in an interview published by the newspaper
O Globo. With Brazil there is no debate, whether with ministers, academics, businessmen or trade unions, all that is unthinkable, affirmed Solá during a visit to Rio de Janeiro on Monday to celebrate the 30th anniversary of the agreement for the peaceful use of nuclear energy.
Uruguay’s announcement that it will be unilaterally seeking trade agreements with countries and blocs beyond Mercosur plus Brasilia’s pressure to reduce the Common External Tariff are stirring up the discrepancies within the grouping completed by Paraguay.
Brazil s Bolsonaro Prepares Cabinet Changes in Bid to Appease Senate
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Brazil scrambles to help the poor, while they barely hang on
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SAO PAULO/BRASILIA, July 14 (Reuters) - Brazil is hoping to raise 100 billion reais ($19.64 billion) with a much-awaited income tax reform proposal, Economy Minister Paulo Guedes said on Wednesday, as the government sharply raised its economic growth forecast for 2021.
Brazil’s economy ministry on Wednesday said gross domestic product in Latin America’s largest economy should grow 5.3% this year, up from its previous forecast of 3.5%. It also raised its 2021 inflation expectations to 5.90% from a previous forecast of 5.05%.
Still, the central bank, which operates independently of the ministry, said earlier on Wednesday that Brazil’s economy had shrunk in May, surprising economists who had expected it to grow.