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Brazil growth remains on track despite May drop: finance minister
July 14, 2017 / 6:46 PM / 2 months ago

Brazil growth remains on track despite May drop: finance minister

Brazil's Finance Minister Henrique Meirelles speaks during a news conference in Rio de Janeiro, Brazil, July 14, 2017. REUTERS/Pilar Olivares

RIO DE JANEIRO (Reuters) - Brazil’s economy has not reversed its growth trajectory despite central bank data showing a surprising drop in economic activity in May, Finance Minister Henrique Meirelles said on Friday.

Meirelles said the government will maintain its economic growth forecast for this year. The Finance Ministry has been estimating an expansion of 0.5 percent in 2017.

Reporting by Marta Nogueira; Editing by Lisa Shumaker

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