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The Minister of Economy, Paulo Guedes, said that the covid-19 pandemic is “going down“In Brazil and”the vaccine is coming“. With that, according to him, the Brazilian economy will increase 3% or more in 2021. For 2020, the government estimates a retraction of 4.5% in the Gross Domestic Product.
“It is clear that, from a health point of view, we remain concerned. But the economy is showing what I expected from the beginning, when I said we were going to go back in V. It’s back. You can look at the charts“Said the minister in a video sent to Exame Magazine For the event “Best and biggest 2020 ″, released this Wednesday (18 Nov 2020).
Guedes estimates that Brazil will lose only 1/3 of the formal jobs that were destroyed in 2016, the year of the last economic crisis.
“All sectors are growing. All regions are creating jobs. There is no way to falsify the data. The political narratives are out there. Each one buys yours ”, set.
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The minister said that the government does not want to have a public debt that grows in the form of a snowball. Due to spending on the pandemic, the debt will reach 96% of GDP.
According to him, the debt will be reduced because interest rates are low, which prevents an out-of-control increase, and economic reforms will be carried out to attract investment. “We will lower the debt in 2021”, set.
“The challenge is to transform this cyclical recovery into a process of resuming growth. We have the Congress to approve reforms, the Federative Pact, regulatory frameworks -such as natural gas, the electricity sector- and privatizations.
Guedes once again defended the payroll exemption for all sectors to encourage job creation. To do this, it proposes the creation of 1 digital micro-tax on transactions, called CPMF by opponents of the idea.
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