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WTO Expects Brazil to Register Gradual Economic Recovery

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A report released on Monday (July 17th) by the World Trade Organization (WTO) says that the Brazilian economy will have a gradual recovery in 2017, but growth will be weak for an extended period of time. The international trade entity is currently reviewing Brazil’s trade policies and practices.

"Despite Brazil's mainly solid economic fundamentals, downside risks to the economic outlook remain,” says the report issued by the WTO adding, “The economy remains vulnerable to a re-intensification of political uncertainty, as well as to delays in addressing fiscal . . .

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