Brazil has definitely earned the recognition of the international community. The excellent performance translated into flexibility and timely fiscal response measures has empowered the country to be one of the latest to experience and one of the first ones to step out of the worst financial crisis
since 1930s.

Entrepreneurs, consumers and investors, both domestic and international, are confident that the Brazilian economy is well-shaped to cope with the upcoming years. Market agents, including financial markets, believe that Brazil will achieve a stronger growth pace—over 5% in 2010. After growing at a 4.2% rate over the period from 2003 to 2008, we expect that our country will reach a 5.0% average growth rate within 2009 to 2014. 

The macroeconomic context for the current year is different as opposed to 2009: revenue and expenditure forecasts are consistent with the expected increase in the primary surplus. Along with the economic recovery, fiscal targets are going to be achieved in terms of fewer primary expenses, fiscal revenues back to pre-crisis levels and gradual elimination of 2009 fiscal stimulus measures. 

Indeed, the Brazilian economy is already getting the dynamics of a new sustainable cycle guaranteed by favorable levels of employment, income and output. All due to a more solid basis: economic stability, fiscal responsibility and low external vulnerability. 

Combined Government efforts to promote sustainable growth, upward investment trend and social inclusion will continue to play a key role in supporting GDP expansion, with both lower inflation and interest rates.