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Brazil Economy Minister eyes 5% GDP growth this year, budget surplus in 2023

RIO DE JANEIRO, BRAZIL - (REUTERS) Brazil's economy may grow by as much 5% this year, Economy Minister Paulo Guedes said on Tuesday, May 225, adding that the government could eliminate its budget deficit and swing to surplus as early as 2023.

In an event hosted by bank BTG Pactual, Guedes struck a characteristically bullish tone, insisting that strong formal job growth, an expected acceleration in Covid-19 vaccinations and resumption of economic reforms in Congress, will turn the cyclical economic rebound into sustainable growth.

"That is the big challenge ahead, and Brazil is showing that it will get there . . .

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