Brazil recovers despite international turmoil, says economy minister

RIO DE JANEIRO, BRAZIL - During an event celebrating the 25th anniversary of the General Telecommunications Law (LGT), the minister said that financial institutions had revised upward forecasts for Brazil's gross domestic product (GDP, the sum of goods and services produced in the country).

"The country will spend the year revising [GDP growth] forecasts upward. This is the opposite of what happens in other countries that revise their forecasts downward," Guedes said.


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