Gleisi says that the slowdown in the economy is the fault of the ‘sequel interest rate hikes by the Central Bank’

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According to the Brazilian Institute of Geography and Statistics (IBGE), Brazilian economic activity increased by 2.9% in 2022. However, a slowdown was recorded in the second half. Brazil’s GDP grows 2.9% in 2022 The National President of the PT, Gleisi Hoffmann, said this Thursday (2nd) that the slowdown in the Brazilian economy is the fault of “the repeated hikes in interest rates by the Central Bank”. On a social network, she posted: “Economic growth in 2022 was 2.9% with a drop at the end of the year. This is definitely not what we want for Brazil”. The statement was made after the disclosure of the 2.9% growth of the Gross Domestic Product (GDP) in 2022. According to the Brazilian Institute of Geography and Statistics (IBGE), however, a gradual slowdown was recorded in the second half. The Secretariat for Economic Policy of the Ministry of Finance assessed that the “sharp deceleration” in the pace of growth in 2022 reflects, above all, the “reduced liquidity in the external environment” and the “contraction cycle of monetary policy”, that is, the process of high interest rates.

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