Former president Jair Bolsonaro showed concern about the directions Brazil may take based on the economic decisions adopted by Luiz Inácio Lula da Silva’s government.
The statement was made during the “Power of The People” event in the United States, where the president has been since December 30 last year.
“I don’t see with good eyes the future of our economy with the measures adopted by the current government. The economy dictates the future of a regime,” said the former president.
Bolsonaro, who has no date to return to the country, spoke about Brazilians abroad and feeling concerned for friends and relatives who remain in Brazil.
“I find in this country many people who intend to return to Brazil will delay this return a little longer.”
“Many others thank the United States for the opportunity to stay here. But as good as we are here, we are always concerned about our friends and relatives who stayed there,” declared the former Chief Executive.
BRAZILIAN ECONOMY WITH BOLSONARO
In 2022, the International Monetary Fund (IMF) projected a Gross Domestic Product (GDP) growth close to zero for Brazil, showing that the country is stagnating.
At the same time, the institution predicted a jump of 3.5% for the French economy, 4% for the American, 3.8% for Germany, and 4.8% for China.
However, the national economy grew more than China’s in 2022.
According to the IMF, Brazil’s economy grew by 3.1% and China’s by 3% last year. World Bank data show Brazil’s performance was not above China’s since 1980.
In addition, Brazil’s economic expansion in 2022 also surpassed that of countries such as France (2.6%), the United States (2%), and Germany (1.9%).
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+1.38%
209,066.90
+1.38%
66,746.78
+1.06%
11,043.36
+0.17%
2,828,027
-0.16%
2,531.15
+0.00%
60,956.11
-0.51%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 209,066.90 | +1.38% | +21.85% | 206,220.24 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief