Trade and protectionism in the G20 Brazil/US ministerial agenda

Comércio e protecionismo na agenda ministerial Brasil / EUA do G20

Brazil’s finance minister has said that he is ready to listen to the U.S. policies on trade at this weekend’s G-20 meeting but speaks from experience when he says he believes a free economy is better for everyone. “Brazil actually has experience of closing down its economy,” Henrique Meirelles said on Thursday.

“The productivity rate of the Brazilian economy came down as a result, growth in the longer-term came down, and the bottom line was actually less growth, more inflation.”…(MERCOPRESS)

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