LatinNews Daily - 11 November

* The secretariat of economic policy (SPE) in Brazil’s economy ministry has revised its forecast for 2019 GDP growth upwards to 0.90%, from previous projections of 0.85%. Adolfo Sachsida, head of the SPE, noted that private sector investment is resuming, a sign of confidence in the government’s efforts to implement fiscal adjustment and contain public debt. Sachsida listed the recent approval of the pension reform, of the so-called ‘economic freedom’ decree, and a further package of economic reforms presented to congress last week as “contributing significantly to the creation of an environment not merely of fiscal balance, but also of the reduction of economic distortions which decreased the country’s productivity”.

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