Brazil's orthodox Economy minister Paulo Guedes anticipated that the multilateral institutions such as the IMF, once again are going to err their forecasts on the Brazilian economy growth. The comment follows on the IMF release stating that the Brazilian economy is estimated to grow 5,2% this year and 1,5% in 2022, below the government's forecasts.
Brazil has privatized nearly US$ 20bn of assets and investments since the election of right-wing president Jair Bolsonaro, according to a government minister. Secretary of state for privatization, divestment and markets Salim Mattar announced that the government’s sweeping program of privatization was going as planned.