Exclusive: Brazil’s Temer says unemployment, not graft probe, biggest worry

Brazil’s priority this year will be job creation as its economy emerges from the worst recession on record, President Michel Temer said on Monday, dismissing speculation that key labor and pension reforms could be derailed by a corruption scandal.

In an interview with Reuters, Temer said that Latin America’s largest economy would exit a two-year recession in the second half this year but it would take longer to reduce the ranks of Brazil’s 12 million unemployed as companies use idle capacity before hiring new staff.

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