Brazil’s GDP Growth Insufficient for Fiscal Stability, Says Moody’s

Moody’s recent assessment of Brazil’s fiscal and economic conditions highlighted that GDP growth alone is insufficient for achieving fiscal stability. Samar Maziad, Vice-President and Senior Analyst at Moody’s, predicted Brazil’s GDP growth at 2% to 2.5%. However, this growth alone is insufficient for fiscal consolidation. Maziad emphasized the need for decisive actions to reduce expenditures. […]