Clipping of news on Brazilian Culture, Law and Citizenship
03/20/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
Declaration is the director of the International Monetary Fund Alejandro Werner.
He said the country needs to reactivate its exports and the industrial sector.
Dollar (Photo: Reuters)
On Thursday, the dollar hit R $ 3.30 by first time in nearly 12 years (Photo: Reuters)
The recent devaluation of the real is a "welcome" phenomenon in Brazil, since the country needs to reactivate its exports and the industrial sector, said on Thursday (20) the director of the International Monetary Fund (IMF) for the Western Hemisphere.
Alejandro Werner said the real desavalorização can help remedy the weakness of the Brazilian industry in the last four years and to reactivate the export sector.
"The investment in Brazil has been very, very low and has contracted, then the exchange rate movement is positive, but then at times it happens increases uncertainty," said Werner told Reuters at the annual convention of Mexican bankers.
On Thursday, the dollar hit R $ 3.30 for the first time in nearly 12 years, following the recovery of the US currency abroad after the retreat of the previous session and reflecting renewed concerns with the local crisis in the governing coalition .
If the Brazilian government can not adopt measures to reduce public spending and raise taxes, this could cause a cut rating and a huge flight of investors.
"The Brazilian economy is in a period of adjustment very complex (...) is a difficult phenomenon that is materializing in the financial markets in a significant way," added Werner.
Source: G1
To access the G1 site, click here.
Our news are taken in full of our partner sites. For this reason, we can not change their content even in cases of typos. transparent image
This article was translated by an automatic translation system, and was therefore not reviewed by people.