Brazil's Mantega says opposition win could wreck economy


  • World
  • Friday, 29 Aug 2014

Presidential candidate Marina Silva (L) of Brazilian Socialist Party (PSB) listens to her assessors before their first television debate at the Bandeirantes TV studio in Sao Paulo August 26, 2014. REUTERS/Paulo Whitaker

BRASILIA (Reuters) - Brazil's finance minister waded into the country's presidential campaign on Thursday, warning that an opposition victory in the October election could push the economy into recession and undo a decade of social gains under the ruling Workers' Party.

The comments by Guido Mantega, which the opposition and some analysts criticized as unbecoming of a sitting finance minister, came on the eve of the release of official data that is expected to show that Brazil, Latin America's largest economy, is already in recession.

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