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WASHINGTON, Dec. 16 (UPI) -- The U.S. Treasury said Thursday Brazil is making a steady economic recovery.
Economic officials from the two countries met in Washington Thursday for their third round of bilateral talks to discuss their respective economies.
"I am impressed by the strength of economic growth in Brazil. Employment has risen sharply, real salaries are up, and investment is growing at record levels," said John Taylor, Treasury's under-secretary for international affairs. He said Brazil's focus on tight fiscal and monetary policies is "yielding positive results and creating jobs."
The group agreed to meet again in the second quarter of 2005, and members said they will invited business executives to attend the meeting as well in the future. The group last met in Rio de Janeiro in April 2004.
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