http://www.reuters.com/article/2012/04/03/us-brazil-economy-idUSBRE8320WY20120403
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.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- BRASIL: 08 Feb UPDATE: Fire In Rio's "Samba City" Destroys Many Carnaval Floats.
- SPAIN: 20 Arrested After Baggage Fees Riot On Ryanair.
- COLOMBIA: CAUGHT: 11-year-old Smuggling 74 Cell Phones And Gun Into Medellin Prison.
- AUSTIN / FRANCE / MEDIA : Lance Armstrong Denies Bullying Others; Claims People Will Forgive Him...Like Bill Clinton.
- ARGENTINA / FRANCE : 13 Sept UPDATE: DNA Results Show Vera And Lasi Killed 2 French Students In Salta.
- BOLIVIA : Sole Plane Crash Survivor Describes Ordeal: Drinking Urine, Eating Bugs.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- SERBIA / SPAIN / USA : Djokovic Wins US Tennis Open, Beating Nadal; Ranked #1.
- MEXICO : The Tragic Decline of Industrial Powerhouse Monterrey.