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Brazil Optimistic Despite Decline of UN Economic Forecast

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Despite an United Nation’s report stating that Brazil is likely to grow only 0.1 percent this year, limiting the total economic growth of the region, Brazil’s finance minister Henrique Meirelles is optimistic.

Meirelles stated on Tuesday (May 16th) that the government's economic measures are having a positive effect on the economy and that during the last quarter there will be significant improvement.

"Brazil is already starting to react. We are still experiencing the effects of a very big recession. But despite the still very high unemployment . . .

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