Levy rules out sharp economic slowdown of Brazilian economy

BRASILIA (Reuters) - Brazil's Finance Minister Joaquim Levy said on Monday that a sluggish global economy and new austerity measures will not lead to a sharp slowdown of the country's economy.

Levy said in a briefing to the press that he will work to establish clear business rules to boost confidence and relaunch an economy suffering from slow growth.

(Reporting by Alonso Soto and Silvio Cascione; Editing by Bernard Orr)