Edited By WION Video Desk
Published: May 02, 2024, 05:25 IST | Updated: May 02, 2024, 05:25 IST
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World Business Watch May 02, 2024, 05:25 IST
Brazil seeks to regain investment-grade status lost in 2016
There's positive news for Brazil's economy. Moody's ratings agency upgraded the country's credit outlook from stable to positive. This follows recent reforms implemented by the government, aimed at boosting economic growth. These reforms include a new fiscal framework and a long-awaited overhaul of the tax code. Investors welcomed these moves, hoping they'll lead to more sustainable public finances.
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