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Reforms could lift Brazil's potential growth to 4 percent, minister says

Reuters

BRASILIA (Reuters) - Economic reforms including a revamp of Brazil's pension system may allow Latin America's largest economy to reach a 4 percent annual growth rate in coming years without stoking inflation, Finance Minister Henrique Meirelles said on Tuesday.

Brazil's so-called potential growth rate currently stands at 2.5 percent, he added. The country's gross domestic product (GDP) contracted 3.6 percent last year, capping its longest and deepest downturn on record.

(Reporting by Cesar Raizer; Writing by Bruno Federowski; Editing by Daniel Flynn)

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