Brazil's Rousseff pledges stimulus

Comment on this story
Dilma Reuters Brazilian President Dilma Rousseff leaves Downing Street after meeting British Prime Minister David Cameron in London July 25, 2012.

Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in August and September, including investments in ports, airports, railroads and highways.

Speaking to journalists in London, where she is attending the opening of the Olympic games, Rousseff anticipated Brazil will grow at a faster rate in coming months, despite the impact of the global economic crisis.

Brazil, which will host the World Cup in 2014 and the Olympic games in 2016, has been struggling to ramp up its infrastructure as its economy grinds to a near halt.

After strong growth of 7.5 percent in 2010, the economy grew by just 2.7 percent in 2011. This year, economists are forecasting growth of as low as 1.5 percent. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines