Local pro-free-market economists praised Guedes for transferring economic activities from the bloated public sector to the private sector and for a sizeable improvement in the financial health of the companies that remained in state hands.

Source: https://www.forbes.com/sites/alejandrochafuen/2023/01/01/the-us-economy-in-2023-walking-the-tightrope-to-avoid-stagflation/