‘Brazil is out of sync with the rest of the world,’ says Economy Minister

Brazil's Minister of Economy, Paulo Guedes, says that the world economy is entering a period of stagflation and "it will be much more serious than I imagined".

The Minister of Economy, Paulo Guedes, said earlier that the Brazilian Central Bank was more attentive to developments in the world macroeconomy, referring to the stagflation scenario in which the world economy would be entering.

"Our Central Bank also moved before their Central Banks", he said, referring to the other central banks, which started the monetary tightening process after Brazil.

He also pondered that he has been warning about the worsening of the world economic scenario for . . .

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