18 December 2012

BRASIL : Critics Attack Rousseff's Scattershot Reforms...As Growth Stalls.


     Some economists' butter knives are out...as President Dilma Rousseff's new efforts to stimulate the economy...have failed.
     Recent growth has been anemic...just .6% in Q3....compared to a robust past.
     Conservative economists blame her scattershot efforts for the stall...instead of taking a comprehensive approach to reform .
     They would rather see tax and labor reforms...instead of just cheaper gas, electricity and bank loans.
     A Canadian strategist sums it up: 'There is no overall plan, just a series of short-term measures replete with contradictions. Is it any surprise that growth is disappointing?'
     They claim that Rousseff's reforms are actually causing retrenchment....and unwanted consequences.