While the IMF predicts a 9,1% drop in GDP, Guedes says that 'Brazil will surprise the world' in the recovery.
"They are a brave people. We will break through both waves and come out on the other side," said Minister Paulo Guedes during Jair Bolsonaro's weekly live broadcast.
247 - During his participation in Jair Bolsonaro's weekly live broadcast this Thursday, the 25th, the Minister of Economy, Paulo Guedes, reiterated his statement that Brazil will resume its economic activity amidst the pandemic.
"Brazil will surprise the world. It's a brave people. We're going to break through both waves and come out on the other side," Guedes said in the weekly broadcast.
The International Monetary Fund (IMF), however, projects for 2020 The biggest recession of all time in Brazil., with a 9,1% drop in Gross Domestic Product (GDP).
Minister Paulo Guedes also commented on the future of the emergency aid. “Adjustment. 1200 reais in 3 installments. It should be 500, 400 and 300 reais. The idea of the aid is to help those in need, but the economy expects to start working again. To open up and function,” he stated.
Commenting on the program's numbers, Paulo Guedes classified some of the beneficiaries as "entrepreneurs." "We expected 40 million, but there were 60 million, 20 million from Bolsa Família and 40 million invisible people. Among these invisible people, there are about 10 million who are truly vulnerable, and the others are entrepreneurs. It's the taxi driver, the cleaning lady," he said.
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