Business & Leadership

“There is No Crisis in Brazil,” says President Temer

The Brazilian President sees the country in a moment of growth.

The Brazilian President sees the country in a moment of growth.


Brazilian President Michel Temer traveled to Germany on July 7th, to participate in the meeting of the G20. Upon arrival, Mr. Temer was questioned by journalists about the economic situation in the country. According to the president, there is no economic crisis in Brazil.

 

“There is no such thing as political and economic crisis in Brazil,” claimed Mr. Temer. “You can gather the data and you will see that we are growing in jobs, industry and agribusinesses. There is no crisis in these sectors.”

 

Last month, the Ministry of Labor announced that, in May, the number of job openings surpassed the figure of jobs lost by 34,200 . It was the second consecutive month in which there was  growth in employment in the country.

 

The claims of Mr. Temer are in keeping with the words of the CEO of the Brazilian National Bank of Social and Economic Development, Rebello de Castro, who also believes the times of hardship in Brazil are no more. You can read more here: http://www.leadersleague.com/en/news/bndes-ceo-says-brazilian-recession-is-over

 

C.S.

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