Economy Minister Paulo Guedes criticized the newspaper Financial Times, Brazilian banks and said they are “trying to affect” next year’s election, in which President Jair Bolsonaro is expected to seek a second term, as they foresee a challenging scenario for Brazil with the prospect of high interest rates inhibiting economic growth.
“Of course the banks are wrong. They are either wrong or politically militant. They are trying to affect the election… They have not yet accepted Bolsonaro’s election,” said the minister.
+ Guedes defends offshore and rejects accusation of conflict of interest
For him, it is more likely that Brazil will have some growth and resilient inflation in 2022 than lower inflation and no growth.
Guedes reiterated that critics of economic management have consistently wrong their predictions. “We are going to surprise the world again,” said Guedes, shortly after returning from a trade and investment mission to the Persian Gulf. “I’m not bragging about Brazil, I’m just saying you guys always underestimated us.”
The post Ao FT, Guedes says that Brazilian banks are trying to affect elections first appeared in ISTOÉ DINHEIRO.
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