In the face of escalating conflicts in the Middle East, Brazilian Secretary Uallace Moreira has stated that enhancing the internal market through public policies is essential for economic growth. He emphasizes that Brazil possesses tools to spur consumption and investment, citing governmental initiatives such as the New Industry Brazil policy and the Move Brazil program, which aims to modernize the truck fleet.

Moreira has been critical of the high interest rates in Brazil, suggesting that the Central Bank's decision to maintain the basic interest rate (Selic) at 15% for an extended period has led to severe challenges for the domestic market. He believes this scenario has contributed to the contraction of the internal market and deteriorating public finances, calling for a reevaluation of monetary policy.

During an interview on Folha's C-Level Interview videocast, Moreira referenced Nobel Laureate Joseph Stiglitz's views on the resilience of the Brazilian industry in navigating the challenges of the country's high interest rate policies. His comments indicate a focus on the need for adaptive strategies within Brazil’s economic framework to counterbalance global uncertainties.