Brazilian economic recovery to be slow: president

0 Comment(s)Print E-mail Xinhua, August 31, 2019
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RIO DE JANEIRO, Aug. 30 (Xinhua) -- Brazilian President Jair Bolsonaro said Friday that the country's economy is recovering, but the recuperation will be slow.

The president celebrated the 0.4-percent rise in Brazil's GDP in the second quarter of 2019 compared with the first quarter. The GDP grew 1 percent year-on-year and the figures were considered above expectations.

Bolsonaro criticized local media for considering the figures a slow recovery, instead of praising them. However, the president also admitted that the economic recovery cannot be considered fast.

"Of course it is slow-paced. The economy is like a cruise ship; things do not happen instantly," he said. "Even at home, when we are in debt, it is slow and complicated for us to recover from that." Enditem

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