Summary of A Voz do Brasil: inflação está sendo revista para baixo, diz Guedes

00:00:00 - 00:20:00

In this section, Minister of Economy Paulo Guedes discusses the current economic projections for Brazil and highlights the positive growth the country is experiencing. He mentions that the government's new projections for GDP growth are 2.7% and inflation is expected to be 6.3%, higher than the market's projections of 2.4% and 6.4%, respectively. Guedes emphasizes that Brazil has been able to mitigate the impact of the pandemic by implementing economic policies, preserving jobs, and vaccinating the population. He also mentions that Brazil's inflation is expected to be lower than that of the United States and England, which is a point of pride for the country. Guedes goes on to discuss the significant increase in employment, with almost 17 million new jobs created, highlighting the formal and informal sectors. He predicts a further decrease in the unemployment rate and expresses confidence in Brazil's ability to generate more growth and employment opportunities. Guedes mentions the measures taken by the government to stimulate economic recovery, such as providing advanced payments of pensions and creating the emergency aid program to protect the most vulnerable. The government also implemented credit programs with a significant percentage of credit going to small and medium enterprises, along with reduced taxes on fuels, electricity, and basic food items to help control inflation and stimulate economic growth .

• 00:00:00 In this section, Minister of Economy Paulo Guedes discusses the current economic projections for Brazil and highlights the positive growth the country is experiencing. He mentions that the government's new projections for GDP growth are 2.7% and inflation is expected to be 6.3%, higher than the market's projections of 2.4% and 6.4%, respectively. Guedes emphasizes that Brazil has been able to mitigate the impact of the pandemic by implementing economic policies, preserving jobs, and vaccinating the population. He also mentions that Brazil's inflation is expected to be lower than that of the United States and England, which is a point of pride for the country. Guedes goes on to discuss the significant increase in employment, with almost 17 million new jobs created, highlighting the formal and informal sectors. He predicts a further decrease in the unemployment rate and expresses confidence in Brazil's ability to generate more growth and employment opportunities.
• 00:05:00 In this section, Paulo Guedes, the Minister of Economy of Brazil, discusses the measures taken by the government to stimulate economic recovery. He mentions that the first line of defense was to protect the most vulnerable by providing advanced payments of pensions and creating the emergency aid program. This aid helped 68 million Brazilians to have access to food and necessities during the pandemic. Guedes also highlights the importance of the agriculture sector in supplying food to the country and mentions the preservation of millions of jobs through programs like the emergency benefit for employees. Additionally, the government implemented credit programs, with a significant percentage of credit going to small and medium enterprises. Guedes further mentions the reduction of certain taxes, such as those on fuels and electricity, to help control inflation and stimulate economic growth.
• 00:10:00 In this section, Guedes discusses how inflation is being revised downwards in Brazil. He attributes this to several factors, including the retraction in production due to people staying at home during the pandemic and the injection of resources into the economy. He also mentions the role of the independence of the central bank and the freeze on salary adjustments for public servants. Guedes acknowledges the contribution of Brazilian employees in helping the country face the crisis without pushing inflation higher. He highlights the positive signs of economic recovery, citing increases in employment across all sectors and regions of Brazil. Guedes predicts that inflation will continue to decrease and may even be lower than that of countries like Germany, the United States, and England. He also mentions the decrease in fuel and electricity prices, along with tax cuts on industrial products and basic food items. Guedes expresses optimism about the future, emphasizing increased investments and the government's focus on privatizations and concessions as priorities.
• 00:15:00 In this section, Guedes discusses the investments being made in infrastructure in Brazil, including the construction of highways, railways, and waterways. He emphasizes the involvement of the private sector in these investments, stating that in the past, it was only the government that invested and the result was a broken government and state-owned companies. Guedes highlights the importance of supporting small and medium-sized businesses, as they generate a significant number of jobs in the country. He also mentions the privatization and concessions of large Brazilian companies, such as Petrobras, to reduce the debt and finance the country's needs. Guedes concludes by stating that the auctions of these privatizations have already raised 150 billion reais and an additional 900 billion reais have been committed for the next 10 years. These funds will be used to improve infrastructure, such as sanitation, benefiting millions of Brazilians.
• 00:20:00 In this section, Paulo Guedes, the Minister of Economy, highlights the importance of privatizing state-owned companies, using the example of the privatization of Cedae in Rio de Janeiro. He explains that the revenue generated from such privatizations can be used to finance social programs like the "auxílio Brasil," which provides financial assistance to low-income families. Guedes also mentions that despite facing various challenges such as the economic collapse in Argentina, the Brumadinho disaster, a historic drought, and the COVID-19 pandemic, Brazil has managed to achieve a record government surplus in July. Regarding the international scenario, Guedes states that while there are signs of persistent inflation and a decline in GDP in countries like the United States, the situation in Ukraine and Europe's energy crisis will impact Brazil. Nonetheless, he reassures that Brazil will continue to grow, with inflation decreasing and social programs remaining intact, making Brazil a safe haven in the midst of global turbulence.