Roberto Campus Nito, former Central Bank, recently participated with the farm capital event in Sao Paulo, where he provided considerations on the local and global economic scenario.
In the evaluation of the former central banking, Brazil is “in a good position” with regard to the policy of the customs tariffs of US President Donald Trump, and needs to maintain the tone of neutrality with the White House, and is looking for negotiations.
“Brazil is not the focus of the problem that the United States sees. I think Brazil has done a good job,” said former British Columbia president. “Brazil must be as neutral as possible and do not enter this battle,” justice.
Among the potential consequences of the American and China trade war of the country, Campos Neto mentioned that there may be a “invasion” of Chinese products in Brazil, given the closure to the American market.
“This brings the pressure of misconduct,” said the previous BC, however, it is necessary to analyze the effect of this movement that will bring it on the national industry.
It is still on the customs tariff, Campos Neto said, according to economic literature, it is difficult to believe that the impact of measures like this is to encourage the local industry in the country that raise definitions or increase assembly.
Finance
In drawing a wider overview of Brazil, Campos Neto considered that the country’s exit goes, among other things, through a “positive shock” in fiscal policy.
In this regard, he said that there should be a review of social spending, for example, the mechanisms that guarantee the “directing door” for beneficiaries of some programs. “We need a review of the size of the public machine, with the efficiency of digitization of digitization to be able to spend less,” he added.
The former British Columbia President indicated that the global inflation that was observed in the period that followed the epidemic was a much more associated problem with the warning of demand, due to the expansion of the payment of social benefits, more than the issue of the offer.
Campos Neto also said that he could not comment on the recent decisions of Brazilian monetary policy, because in the quarantine period after leaving the municipality’s leadership, but the monetary authority did a “correct work” in the short term.
When asked about how to evaluate the economic policy of the President of Argentina, Javier Millie, Campos Nito indicated that the neighboring country’s agent chose a “strong and popular” amendment, but it seems on the right track and the work has started.
The former central banking said, noting that Argentina still has questions that must be resolved, especially the exchange balance: “There was a very strong shrinkage to the economy last year, but in the end it seems to rise,” noting that Argentina still has questions that must be resolved, especially the exchange balance.
