Meirelles Says Brazil Emerging From Its Worst Recession

The transcript discusses Brazil's economic growth projections, highlighting the challenges faced due to a recession and the subsequent recovery. Initial projections for 2017 were revised downwards due to a worse-than-expected recession, leading to a lower starting basis for growth. Despite this, there is optimism as companies have deleveraged, setting the stage for stronger growth. The discussion also covers private sector expectations and the reasons behind the consistent overestimation of growth prospects.

What was the projected growth rate for Brazil in the first quarter of 2018 compared to the last quarter of the previous year?

• 0.5% to 2.7%

• 2.0% to 4.0%

• 1.0% to 3.0%

• 0.3% to 1.5%

Why did private sector economists expect a lower growth rate for the whole year of 2017?

• Because of a strong economic performance

• Due to a statistical carryover effect

• Owing to increased foreign investments

• As a result of high inflation rates

What was the revised growth forecast for Brazil in 2017?

• 1.0%

• 2.0%

• 0.5%

• 1.6%

What was one reason for the consistent overestimation of Brazil's economic prospects?

• Unexpectedly high inflation

• A worse than expected recession

• Increased government spending

• Strong currency performance

What positive sign of economic recovery is mentioned in the final section?

• Companies leveraging back

• Decrease in unemployment rates

• Increase in foreign trade

• Reduction in national debt