According to the Minister of Finance, the economy is in a good moment to attract investments
The attacks of United States and Israel against Iran should not have immediate impacts on the Brazilian macroeconomysaid, this Monday (2), the Minister of Finance, Fernando Haddad.
He considered, however, that it is difficult to predict how the conflict will unfold and that the The Ministry is analyzing the issue “cautiously”.
“The scale of the conflict will determine a lot of things. The Brazilian economy is in a very good moment of attracting investment. Even if there is short-term turbulence, it should not impact macroeconomic variables, unless, as I said, this conflict escalates“, he said at the University of São Paulo, before giving a master class to students at the institution’s Faculty of Economics, Administration, Accounting and Actuarial Science.
“We will monitor it with caution to eventually be prepared for a worsening of the economic environment, which at this moment is difficult to predict will happen”, he added.
Earlier, a commander of the Iran’s Revolutionary Guard says the country has closed the Strait of Hormuz for the passage of ships and that vessels that try to pass through the place will be set on fire. The location is a fundamental route for the global transportation of oil.
*Brazil Agency
