Rousseff Vows to Boost Economy: Daily

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – President Dilma Rousseff has pledged further stimulus packages for the Brazil, including fresh investments in infrastructure products for airports, ports, rail and roads, Reuters news agency reports. The president promised Brazil’s economy would grow faster in the latter half of 2012, thanks to a number of incentives including tax breaks and interest rates cuts.

Brazilian President Dilma Rousseff addressed journalists in London ahead of the Olympics Games' Opening Ceremony, Brazil News width=

Brazilian President Dilma Rousseff addressed journalists in London ahead of the Olympic Opening Ceremony, photo by Roberto Stuckert Filho/PR.

The president said that bigger growth would come in spite of unfavorable conditions in the wider global economy.

Also in what has been seen by commentators as a pressure on the car manufacturing industry’s plans to shed jobs, she said that anyone getting help from the government should be underpinning the jobs market:

“All sectors receiving government incentives must know that we do so for one reason: to provide employment and income for the economy.”

Despite the news about fresh boosts to the economy, some economists have posted their gloomiest outlook for 2012 yet – at just 1.5 percent growth, lower than the disappointing 2.7 percent seen in 2011, and much less than the 7.5 percent achieved the year before.

President Rousseff made her comments in London before attending the opening of the Olympic Games, and must have been only too aware that many of Brazil’s promised infrastructure projects – meant to be completed by Brazil’s hosting of the World Cup in 2014 and the 2016 Olympics in Rio – have been struggling as the country’s economy slows.

Read more (in Portuguese).

* The Rio Times Daily Updates feature is offered to help keep you up-to-date with important news as it happens.

3 Responses to "Rousseff Vows to Boost Economy: Daily"

  1. PTRio  July 28, 2012 at 3:28 PM

    Since several major airports were recently privatized, that would leave mainly the Rio International Airport as the likely recipient of new stimulus money for the “airports” category. So, will this mean new buckets to catch the drips from the ceiling? Elevators that actually work? A space large enough for the PF to function? Baggage claim space for more than one arriving flight at a time? This airport is a serious embarrassment (Terminal 1, especially) to all who travel to and from Rio, and a project sufficient to bring Terminal 1 into just the 90’s would likely take 3-5 years. Something like even just half the new terminal in Atlanta, or an international terminal such as Houston has, is simply not possible before 2016. The fact Terminal 1 still has parking beneath it has to be in violation of even the most relaxed security standards for international airports these days.

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