Brazil’s economy grew at its fastest pace in 19 months in November, reversing a three-month contraction, as a recovery in consumer spending helped Latin America’s largest economy shrug off a global slowdown. Yields on interest rate futures rose.
Brazil is moving into an ‘era of prosperity’ characterized by ‘income distribution and a notorious drop in inequalities” said President Dilma Rousseff in her first 2012 radio edition of ‘Enjoying coffee with the President’, where she also dared to use the word ‘protection’ in reference to jobs and the domestic market.
Brazil's government may cut as much as much 60 billion Reais (32 billion dollars) from spending in 2012 in an effort to control its deficit and inflation, the Estado de Sao Paulo newspaper reported, citing unnamed Finance Ministry officials.
Brazil's government faces as much as 74 billion Reais (40 billion dollars) of unbudgeted expenses in 2012 stemming from lawsuits awaiting judgement at the country's Supreme Court, the Correio Brasilense newspaper reported on Sunday.
Brazilian president Dilma Rousseff will be celebrating on Sunday her first of four years in office with a record public opinion support of 72%, based on a sober and firm style in running what has become the world’s sixth largest economy.
Brazil’s first woman president Dilma Rousseff popularity climbed in December to reach 72%, almost the same level, 73%, when she took office January first 2011, according to a public opinion poll from Ibope released earlier this week.
Argentina supported by Brazil has proposed increasing Mercosur Foreign External Tariff to better defend the group when country members are being flooded with cheap imports.
President Dilma Rousseff on Thursday signed a law banning smoking in all enclosed public spaces in Brazil. The new text will make Brazil, which has a population of more than 191 million, the largest country in the world to go smoke-free.
The administration of President Dilma Rousseff will be sending the bill creating the Bank of the South to congress next month, since this financial institution “will help the region address the global crisis”.
Brazilian President Dilma Rousseff announced the country would invest 2 billion dollars in a scholarship program to send overseas to the best world universities, 100.000 graduates.