Brazil will grow by more than 2% in 2023 even if nothing happens, Planning Minister Simone Tebet said on Thursday, assessing that activity has resumed without a negative impact on inflation, which allows for a rate cut of interest in the country.
After the IBGE released a 1.9 percent increase in gross domestic product (GDP) in the first quarter compared to the previous three months, data that surprised on the upside, Tebet said economic activity could grow as much as 2 .3% this year. the projection is for a 1.9% expansion.
“Inflation is coming down, so we don’t have a warming economy that is driving up inflation,” he said in a conversation with reporters.
“Even with a slightly warmer economy, that’s not going to impact inflation. As a result, there would be no reason not to start, even if very gradually, cutting interest rates in Brazil,” he added.
Tebet also said that the drafting of the tax framework proposal by the government, which is in the Senate, should be slightly delayed. You have predicted that the text will be approved in two or three weeks, “which is not a problem”.
Source: Terra
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