Brazil on Friday reported slower than expected economic growth in the third quarter putting more pressure on President Dilma Rousseff to make deeper structural reforms and adding to fears that the global slowdown is reaching big emerging markets.
The presence this week of Brazilian president Dilma Rousseff next to Cristina Fernandez at Argentina’s Industrial Union, UIA annual conference was considered a major integration success and highlights the growing interaction of the two leading Mercosur partners.
Chile and Mexico will manage to a great extent to avoid the negative prospects from OECD members in the next two years. The half year report from the Organization for Economic Cooperation and Development anticipates a serious weakening of activity in the Euro zone, the US and Japan, but the two OECD Latinamerican members as well as emerging power Brazil will have a contrasting performance.
Brazilian president Dilma Rousseff has cancelled her attendance to the Union of South American Nations, Unasur summit in Peru on Friday because of “agenda problems” and previous “domestic engagements”, according to the Planalto press secretary office. Vice-president Michel Temer will be attending in her name.
Dengue continues to claim lives in Latin America with over 400 deaths and nearly 161.000 infection cases according to this year’s reports from the different countries.
The head of Brazil’s Justice and Human Rights Movement, Jair Krischke stated before the Truth Committee that it was the Brazilian dictatorship which master minded the notorious Plan Condor, the South American military dictatorships undercover trans-border organization of the sixties and seventies.
Brazilian Executive special advisor on International Affairs, Marco Aurelio Garcia anticipated that at the coming summit in Lima, the Union of South American Nations, Unasur, would not lift the suspension on Paraguay which will hold until April’s election.
FIFA general secretary, Jerome Valcke has warned Brazil of the increasing crime rate in cities like Sao Paulo and also stressed on the need of more infrastructure ahead of the 2014 football World Cup.
Thousands of people took to the streets in Rio do Janeiro on Monday to urge Brazilian President Dilma Rousseff to veto a bill that local officials say could cost Rio state billions of dollars in lost oil revenue, and cripple plans to host the World Cup and Olympics.
Brazil’s low-cost airline Gol announced that it is eliminating the WebJet brand, the rival airline that it took over earlier this year, cutting 850 jobs and reducing domestic capacity in the process.