Brazil must maintain sustainable growth, says Raul Velloso

28/07/2005 - 6h13

Lílian de Macedo
Reporter Agência Brasil

Brasília - Raul Velloso, an economist who specializes in public accounts, says Brazil must abandon "flight-of-the-chicken growth syndrome," and achieve permanently sustainable growth. "The big challenge is to reach higher levels of growth and maintain them. That is the only way to create jobs and income," he declared.

Velloso points out that with GDP growth of almost 5% last year, Brazil was able to create jobs. "But this year the indicators are not so good and not as many people are finding work. We have to wait and see if this is just a tendency," he concluded.

Translator: Allen Bennett