Brazilian economy shows signs of improvement: minister

Rio de Janeiro, July 24 (IANS) The Brazilian economy is showing signs of improvement, Finance Minister Joaquim Levy said.

In an interview with news TV channel Globonews on Thursday, Levy commented on the Brazilian economy’s performance in the first half of 2015 and held a optimistic attitude to its future.

“We stopped getting worse on a structural perspective and we are now starting to get better,” Xinhua quoted him as saying.

Since the beginning of 2015, the government took a series of measures to counter the Brazilian economy’s poor performance in the first quarter of 2015.

Earlier this week, the government announced a cut of 8.6 billion reals ($2.66 billion) in federal budget, bringing the total cuts to 79.4 billion reals ($24.62 billion) with the major one announced at the beginning of the year.

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