The President of Brazil’s Central Bank, Ilan Goldfajn, expects a gradual economic recovery from the recession

The President of Brazil’s Central Bank, Ilan Goldfajn, expects a gradual economic recovery from the recession

August 18, 2017- Investorideas.com reports on the recently held conference call with Brazil´s Central Bank governor Ilan Goldfajn, on August 15^th.

Brazil is two years into its worst recession on record, spurred on by falling commodity prices and political corruption. The Government of Brazil is attempting to combat the recession through spending cuts, social security and tax reform.

Goldfajn said it is still unclear how successful recovery will be achieved, but there are some indicators that the recession is coming to an end, such as modest growth in employment.

Read this news in full at http://www.investorideas.com/news/2017/main/08181Brazil.asp

By Samuel Mowers for Investorideas.com

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