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President of the CNI highlights the need to transform the national industry to reverse low growth, with a focus on sustainability and competitiveness.
In a challenging economic scenario, Brazil will face another year of uncertainty regarding economic growth. Projections by the National Confederation of Industry (CNI) indicate a slowdown in the pace of economic growth for the year 1,7. It is estimated that the Gross Domestic Product (GDP) will expand by 0,9%, and industrial GDP will increase by XNUMX%.
With the slowdown in economic growth, the country will face challenges in maintaining financial stability and promoting development. It is essential that measures are taken to boost the resumption of growth, thus ensuring the sustainable expansion of the economy in the coming years.
Urgent Measures to Boost Economic Growth
They performance is clearly insufficient to improve the population's quality of life. It is imperative to urgently adopt measures to reverse the situation of low growth economic. An essential action is the transformation of the national industry, which I have been calling neoindustrialization, aiming at a expansion more significant economy. With a more dynamic, innovative and competitive industrial sector, Brazil will be able to have a sustainable development cycle.
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The good news is that there is, throughout the world, a confluence of factors that favor revitalization of Brazilian industry, such as transition for the low-carbon economy, the reorganization of global value chains and the digitalization of activities, which will certainly boost the country's economic growth.
Projections and Goals for 2024
Domestically, the government recreated the Ministry of Development and reinstalled the National Industrial Development Council. Based on dialogue with the production sector, it has been adopting important measures to strengthen the industry, aiming for sustainable and lasting economic expansion.
The industrial policy is expected to be launched in early 2024, with missions aimed at decarbonisation, digital inclusion, energy transition, food security, health resilience, technological development and infrastructure urban area, to boost economic growth and ensure sustainability process.
Challenges and Advances for Economic Growth
We need to accelerate actions to contain climate change and transform our comparative advantages, such as a clean energy matrix and invaluable natural heritage, into economic gains. competitiveness for companies, aiming at the country's economic growth and the generation of wealth and jobs.
The National Congress approved the reform of consumption taxation. The change eliminates distortions, simplifies and provides more transparency to the collection system, which will benefit the entire economy and boost the country's economic growth.
Perspectives for the Future
Although the challenges are many, we must remain optimistic. With the appropriate measures, we can build a new industry, a more prosperous economy and a fairer country, aiming for sustainable and lasting economic growth.
(*) Ricardo Alban is president of the CNI.
The article was published in the newspaper The Globe on 28/12/2023.
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Source: Industry Portal
