Important economic indicators have begun to show a positive trajectory. Falling country risk, rising stock market, and a strengthened real against the dollar point to a better country, increasingly close to returning to sustainable growth.
These indicators show that Brazil has become more reliable and stable for investors and consumers.
Therefore, GDP projections for this year are expected to be revised upward in March, according to Finance Minister Henrique Meirelles. The government’s growth projection for 2017 is now at 1%.
“There has been a series of important changes, a positive inflection in the Brazilian economy. We believe we should let these changes consolidate, and only then analyze GDP growth,” said the minister.