Brazil’s Rousseff pledges more economic stimulus

Pedro Fonseca – Reuter’s, 7/24/2012

LONDON, July 27 (Reuters) – Brazilian President Dilma Rousseff said on Friday her government will unveil more measures to stimulate the economy in the next few months, including investments in ports, airports, railroads and highways.

Speaking to reporters in London, where she is attending the opening of the Olympic games, Rousseff also said Brazil’s economy will grow at a faster rate in coming months, despite the impact of the global economic crisis.

“We will move forward with our counter-cyclical program in August and September,” she said, referring to the slew of stimulus measures Brazil has deployed since the beginning of the year, such as tax breaks to stimulate consumer demand.

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