Wednesday, April 14, 2021

Industry hopes to recover economic losses in 2021 – Prime Time Zone

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After the recession in 2020, due to the pandemic, the forecast for Brazilian GDP next year is 4%

Brazil Agency ArchiveThe estimate for GDP in 2020 is a fall of 4.3% and an industrial expansion of 3.5%

A industry expects to recover economic losses in 2021. After the recession in 2020, due to the pandemic of Covid-19, the forecast for the START next year is 4% – with an industrial expansion of 4.4%. The President of CNI, Robson Andrade, presented the Conjunctural Report and reinforces the urgency of the reforms. “The industry, for example, represents 21% of GDP, but we pay 32% of federal taxes and 41% of state taxes. This balance is not fair. Why when we look at the past do we talk about tax incentives, attempts to seek more competitiveness? Exactly because of the injustice of the tax burden. In addition, our tax system is chaotic, complex and incomprehensible both for us Brazilians and for foreign investors. ”

The estimate for GDP in 2020 is a fall of 4.3% and an industrial expansion of 3.5%. The president of the National Confederation of Industry points out that the uncertainties are still high, which will decrease with the immunization of the largest portion of the population. Robson Andrade believes that the recovery will depend not only on economic measures, structural, tax and administrative reforms, to resume sustained growth – but above all on public health.

* With information from reporter Marcelo Mattos

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