Brazil May Grow 7.5% in 2010 Without Adding Inflation

Brazil’s economy may expand 7.5 percent this year, up from a previous forecast of 7 percent, as domestic demand ensures non-inflationary growth in coming years, Finance Minister Guido Mantega said.

Mantega, who spoke to investors today in New York, said Brazil is experiencing a sustainable expansion and conditions are in place for 5.5 percent to 6 percent growth in the next four years regardless of how the U.S. economy performs. Mantega said he expects inflation of 5 percent to 5.2 percent this year.