July 2, 2019 / 11:13 AM / 4 months ago

Brazil's Campos Neto says recovery will be gradual, dependent on reforms

July 2 (Reuters) - Brazilian Central Bank Chief Roberto Campos Neto reinforced on Tuesday the bank’s belief that Brazil’s economy will recover gradually, and will be affected by the success or failure of a number of proposed economic reforms.

“Fiscal sustainability is fundamental to reducing risks, increasing confidence and investment, and, consequently, sustaining long-term growth,” Campos Neto said at an event in Zurich, according to a central bank presentation.

Reporting by Camila Moreira Writing by Gram Slattery Editing by Chizu Nomiyama

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