Brazil recovers confidence in economy – Temer

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Brazil’s recent successful sale of airport concessions to foreign firms, as well as an upgrade in its credit rating, showed the country has regained confidence in its economy, President Michel Temer said on Friday.

AFP / Evaristo Sa Acting Brazilian President Michel Temer presents his economic measures during a meeting with the leaders of allied parties in Congress at the Planalto Palace in Brasilia on May 24, 2016
AFP / Evaristo Sa
Acting Brazilian President Michel Temer presents his economic measures during a meeting with the leaders of allied parties in Congress at the Planalto Palace in Brasilia on May 24, 2016
A day earlier, three European firms paid a total of nearly 2 billion U.S. dollars for 25- to 30-year operation concessions for four regional airports in Brazil, more than the government expected.

Via Twitter, Temer hailed the earnings, posting “they said there would not even be any bidders (for the airports), but there were several participants …. It was an absolute success.”

Also this week, credit rating agency Moody’s changed Brazil’s credit outlook from negative to stable.

“Going from negative to stable … is another event that leads to believing in our country’s recovery and economic development. Brazil, increasingly, has direction,” said Temer.

In addition, job growth resumed in Brazil in February, for the first time in 22 months, according to government figures. Enditem

Source: Xinhua/NewsGhana.com.gh

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