Arab Today, arab today brazil announces 4 bln stimulus package
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Brazil announces $4 bln stimulus package

Arab Today, arab today

Arab Today, arab today Brazil announces $4 bln stimulus package

Rio De Janiero - QNA

Brazil announced 4 billion US dollar stimulus package Wednesday to boost the nation's flagging economy, mostly through government purchases. Finance Minister Guido Mantega announced the measure, saying the move came as the financial crisis worsens in developed nations. "The European crisis continues to get worse and it's causing global economic growth to fall," said Mantega. "With that in mind, the Brazilian government is taking stimulus measures so we can increase investment, increase demand, increase confidence, and accelerate our growth." Brazil's President Dilma Rousseff said on the same day that the crisis does not frighten Brazil, even though it is still a matter of concern. Brazil's growth has been gradually decelerating, registering just 0.2% in the first quarter of 2012. In 2011, its GDP grew by 2.7%, the lowest among the BRICS emerging economy nations (Brazil, Russia, India, China and South Africa). Despite the deceleration, Mantega remained optimistic about seeing higher growth rates in the second half of 2012, predicting Brazil will grow more in 2012 than it did last year. The planned public sector purchases, which will give preference to Brazilian-made products, include a long list of items, from school desks and dialysis equipment to ambulances, armored vehicles and trucks. The package also includes construction, with plans to build or renovate school sports facilities and renew bus fleets. Brazil President Dilma Rousseff is also offering a credit line through the Brazilian Development Bank (BNDES) to municipalities and states for the purchase of hospital equipment.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil announces 4 bln stimulus package Arab Today, arab today brazil announces 4 bln stimulus package

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil announces 4 bln stimulus package Arab Today, arab today brazil announces 4 bln stimulus package

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday