Brazil’s economy in Nike ‘swoosh’ shape recovery: economy minister

© Reuters. Brazil's Economy Minister Paulo Guedes look on during a press statement in Brasilia © Reuters. Brazil’s Economy Minister Paulo Guedes look on during a press statement in Brasilia

BRASILIA (Reuters) – Brazil’s economy is recovering in the shape of a Nike (NYSE:) “swoosh,” Economy Minister Paulo Guedes said on Wednesday, adding that a program to help finance company payrolls will more than double its reach in the coming months to over 200,000 companies.

Speaking in Brasilia alongside President Jair Bolsonaro, Guedes also said 200 billion to 300 billion reais ($ 36 billion – $ 54 billion) of credit will be made available to small businesses by year-end, and said Bolsonaro is open to extending emergency payments to the poor but at a smaller rate than the current 600 reais a month.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)

Forex News

Leave a Reply

Your email address will not be published. Required fields are marked *