Brazil’s Economy Minister: “There will be turbulent landings abroad, but Brazil is taking off.”

"There are three colossal shocks that are changing the configuration of the world. Inflation will go way up, you're going to have a recession, and the political system will come under pressure. We will see a lot of crisis and difficulties out there," evaluated Guedes.

RIO DE JANEIRO, BRAZIL - On Tuesday, June 14, Brazil's Economy Minister Paulo Guedes said that while the signs of the world economy are extremely negative, Brazil is a positive highlight of the crisis.

"There will be turbulent landings abroad, but Brazil is taking off," he said during the opening of the Brazil 2022 Investment Forum, promoted by Apex Brasil.

For Guedes, there is "not the slightest doubt" that there will be a recession . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?