admin“The outlook is stable, reflecting policymakers’ commitment to a prudent economic framework, as well as the difficulties associated with reaching a higher level of sustainable GDP growth,” the ratings agency said.
S&P noted that Brazil’s growth had decelerated sharply in 2012, mainly due to a decline in investment, but said the country would seek higher growth rates through “balanced macroeconomic management” and infrastructure improvement.
“We expect Brazil’s diverse economic structure, its expanding middle class, and the potential for higher exports to sustain per capita real GDP growth of close to 3 percent over the next few years,” S&P analyst Sebastian Briozzo said.
“Moderately high government debt and some structural impediments to the investment needed to boost growth constrain the ratings,” he added. — AFP.
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