Mantega Sees Brazil, Emerging Economies Leading World Recovery
The Brazilian economy is on track for a sustainable rate of growth, boosted by strong domestic demand, Brazil’s Finance Minister Guido Mantega said in his keynote speech at the 2011 Brazil Summit, sponsored by the Brazilian American Chamber of Commerce.
He said that Latin America’s biggest economy may grow at a 4.4% rate, which is considered a sustainable rate, based on the latest estimates for the country and the outlook Continue reading →
There was no spooky surprise and 190 million Brazilians elected President Lula da Silva’s protegee from the Workers’ Party, Dilma Rousseff, as the country’s first female president, in today’s runnoff. She won with an estimated 56% of the votes, beating Social Democrat José Serra without the endorsement of Green Party’s Marina Silva, who came in third place in the first round, a month ago.