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Brazil economy 'poised' for return to growth: US treasury chief

Brazilian president Michel Temer talks to the press after a meeting in New York with US investors, organized by the Council of the AmericasBrasília (AFP) – The US treasury chief praised Brazil’s new government on Tuesday and said the Latin American giant is “poised” to exit a painful recession and return to economic growth. Treasury Secretary Jack Lew said after meeting with Brazilian President Michel Temer and Finance Minister Henrique Meirelles that “ambitious” reforms are taking the economy in the right direction. “Brazil’s economy appears poised to return to growth, following the deepest recession in over 100 years,” Lew said in comments after talks in Brasilia.

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