Luciana Otoni, Tiago Pariz – Reuters, 08/30/2012
Brazil’s government unveiled a host of new measures on Wednesday aimed at increasing investment and consumption as it expanded efforts to boost a sluggish recovery in the world’s sixth-largest economy.
The latest round of stimulus included cheaper credit for trucks and machinery and an extension of tax breaks for makers of home appliances and automobiles, Finance Minister Guido Mantega told reporters in the capital, Brasilia.
“The financing is meant to stimulate investment in the country,” Mantega said. “Investment takes a little longer to recover from a crisis, so we’re giving more stimulus.”