Brazil's Meirelles says data points to economic recovery

October 21, 2016 1:10 PM EDT

Brazil's Finance Minister Henrique Meirelles attends an economics and politics forum in Sao Paulo, Brazil, September 30, 2016. REUTERS/Paulo Whitaker

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

SAO PAULO (Reuters) - Brazil's economy is on track to recover from a long recession but structural reforms need to be approved, Finance Minister Henrique Meirelles said on Friday.

Meirelles, on the sidelines of a conference in Sao Paulo, added that legislators can only increase spending in some areas of the 2017 budget if they also propose cuts in others.

(Reporting by Luiz Gerbelli; Writing by Silvio Cascione; Editing by Chris Reese)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment