© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Brazil currently deserves its initial in the Brics acronym, and not just because it lost the Olympics football final to Mexico. Its economic performance is also a “B”. Growth is limping along at less than 2 per cent. Only two years ago, Brazil was scoring A-grades with a 7.5 per cent growth rate.
Hence the much-hyped stimulus package, with its centrepiece reportedly some R$100bn ($50bn) of infrastructure concessions, to be announced later on Wednesday. President Dilma Rousseff, a technocrat to her fingertips, wants to improve her grades. As ever, though, the package’s big number spells both good and bad news. Continue reading »
|About this blog||Headlines email||Blog guide|
After more than three years of fully open access, readers now need to register on FT.com to read beyondbrics articles for free.
If you not yet registered, it's a simple process which only takes a few moments.
Reading beyondbrics articles will NOT deduct from your free monthly quota of stories on FT.com.