Economy minister says Brazil's rising interest rates likely to slow recovery

  • 11/11/2021
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Rising interest rates in Brazil are likely to slow a recovery from a coronavirus-driven downturn, Economy Minister Paulo Guedes said on Thursday. Speaking at a banking event, Guedes said Brazil could still potentially steam ahead and grow between 3.5% and 4% annually if the government can overcome obstacles to its economic reforms. (Reporting by Marcela Ayres Writing by Anthony Boadle Editing by Chris Reese)

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