Brazil's GDP growth to slow down: finance minister

14:55, May 28, 2011      

Email | Print | Subscribe | Comments | Forum 

Brazilian Finance Minister Guido Mantega said on Friday that the country would see a slowdown in gross domestic growth (GDP) starting in the second quarter.

"We will not stop growing, (and) we will grow moderately," he said during a lunch with businessmen in Sao Paulo.

The minister said Brazil would grow at 4.5 percent this year, which he considers ideal.

Mantega also talked about the possibility of reducing corporate payroll taxes and tax reform.

Commenting on the public sector's primary surplus, Mantega said it reached some 60 billion reais (about 37.5 billion U.S. dollars) in the first four months of this year, surpassing the previous projection.

"We are strengthening the country's fiscal results and reducing the demands of the state," he said.

Source: Xinhua
Wen Jiabao attends trilateral leaders' meeting of China,Japan and ROK
The Third China-U.S.Strategic and Economic Dialogue
  Weekly review  
May 20   World Economic Forum China office marks fifth anniversary
May 18   China, Pakistan joined in bonds of brotherhood
May 20   'Central axis' of Beijing applies for world cultural heritage
May 20   In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21   The week in pictures
May 16   Beijing aims for massive influx of overseas talent in 2011
May 16   Singapore election coverage shows Western arrogance
May 16   Chinese naval helicopter conducts target practice in Gulf of Aden
May 17   Strategies for harmony between militaries of China, US
May 17   Pakistani Prime Minister hails China as true friend


  • Do you have anything to say?


Special Coverage
  • 3rd Anniversary Of Wenchuan Earthquake
  • Third China-U.S. Strategic and Economic Dialogue
Major headlines
Editor's Pick
  • Mediator Qatar says Darfur peace process faces challenges due to divisions
  • Six UNIFIL peacekeepers wounded in roadside bombing in south Lebanon
  • U.S. Secretary of State asks Pakistan to take decisive action against militants
  • "Research Center of Digital Chinese Paintings" established in N china
  • French Open: Federer, Wawrinka cruise into 4th round, Wozniacki out
  • World No. 1 Wozniacki crashes out at French Open
Hot Forum Dicussion