03 April 2012

BRASIL : Dilma Digs $30 Billion Deep...To Spur Growth.


      President Dilma Rousseff will enact tax cuts...and stimulus...worth over $30 billion usd...to boost growth.
     She also wants lower borrowing costs...as the economy struggles to regain fast growth...that once had it leading BRICS nations.
     She refuses to call recent measures protectionist...only that Brasil will not hesitate to 'defend our jobs, our industry and our growth.'
    But most economists foresee modest GDP growth of 3.5% for 2012.
    Brasil only registered 2.7% growth in 2011...after a blistering 7.5% in 2010.