IMF raises Brazil’s growth forecast and Bolsonaro recalls record in job creation

The International Monetary Fund has increased the estimate of Brazil’s GDP growth in 2022 to 2.8%.

According to the IMF assessment, our country’s GDP growth is expected to exceed that of the US (1.6%), Germany (1.5%), France (2.5%), Japan (1.7%), and Chile (2.0%), among others.

Brazil’s Minister of Economy, Paulo Guedes, informed that “private investments in Brazil already guarantee economic growth in the coming years”.

Brazil will go to a presidential runoff next Sunday with good economic data.

Unemployment today stands at the lowest level since 2015, and inflation and poverty rates continue to decline.

“With consecutive deflations never seen before, Brazil is going in the right direction while inflation is soaring. Our country achieves results with sober and honest conduct in protecting the Brazilian people, without fallacies or seductive lies,” Bolsonaro has pointed out.

In this sense, Bolsonaro recalled the tax cuts and the support to more than 10 million companies during the pandemic.

And the creation of more than 4.5 million jobs in 2021 and the first eight months of 2022.

Today, Brazil has the most significant number of people working (100.2 million) in its history.

Likewise, his campaign team insists on protecting the most vulnerable through the social program Auxilio Brasil, which reached 21.13 million families in October.

Of this total, 17.2 million households, 81.5%, are headed by women.

Under da Silva, Brazil suffered the most significant economic recession in decades and had record unemployment (13.9% in March 2017).

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error