Arab Today, arab today economic bets off for brazils rousseff
Last Updated : GMT 12:42:20
Arab Today, arab today
Arab Today, arab today

Economic bets off for Brazil's Rousseff

Arab Today, arab today

Arab Today, arab today Economic bets off for Brazil's Rousseff

Brazilian President Dilma Rousseff
Brasília - AFP

Dilma Rousseff is struggling to win re-election in Brazil with an economy that has gone from sizzle to fizzle in her four years in office as the country's first female president.
Hand-picked by former president Luiz Inacio Lula da Silva, Rousseff has proved unable to extend the era of economic growth that lifted more than 30 million people out of poverty under her popular predecessor.
And when Brazilians go to the polls next week, the poor economy could cost her the presidency and the Brazilian Workers Party (PT) a fourth consecutive term in power.
It's a far cry from 2010, when Rousseff cruised to victory as the country's economy roared forward at a 7.5 percent growth rate, making Brazil one of the world's emerging economies.
Since Rousseff took office in January 2011, strong headwinds have sprung up to blow the economy off course.
"Average growth between 2011 and 2014 was 1.5 percent per year -- very much below the four percent of the eight previous years," said economist Vinicius Botelho of the private Getulio Vargas Foundation.
A rival for the presidency, Socialist candidate Eduardo Campos, charged Rousseff would be the first president in nearly 30 years to leave the country in a worse state than the one in which she found it.
Campos was killed in a plane crash in August, putting in Rousseff's path a new and arguably more formidable challenger -- Marina Silva, an environmentalist who polls show may beat Rousseff if the elections go to an October 26 runoff.
Big business, meanwhile, says Rousseff has not undertaken needed reforms to bolster competitiveness and for excessive government intervention in the economy.
A Dom Cabral Foundation study shows that the world's seventh-largest economy slid from 38th to 54th out of 60 countries on their competitiveness index over the past four years.
- On the plus side -
On the plus side, however, Dilma has a reputation for solid management and little tolerance for corruption. She fired six ministers in her first year in office.
Rousseff has promised to end extreme poverty in Brazil, a country with some of the starkest social inequalities in the world.
She cranked up welfare programs, which today benefit some 50 million Brazilians and pulled a further 11 million people out of poverty.
She also launched a social housing program and a policy to bring in thousands of foreign doctors -- chiefly from Cuba -- to cover shortages in poor and far-flung regions.
Furthermore, she set up a grant program allowing 100,000 Brazilian students to study at the world's best universities.
Such policies aid her re-election campaign, says Ricardo Ribeiro of consultants MCM.
But her popularity has sagged over the past year as inflation hit 6.5 percent, and major demonstrations that erupted in June 2013 in dozens of cities continued on a smaller scale through this year's World Cup.
- Overly high hopes -
"Her government started with the voters having very high hopes. When Lula left power, people were thinking life was going to get better much quicker," says Renato Meirelles, chairman of the Datapopular institute.
When that didn't happen "it engendered huge frustration," said Meirelles.
Another overriding priority has been the battle to overhaul Brazil's creaking infrastructure.
"That could have been the government's great legacy and there have been some successes such as some highway tenders," said Botelho.
But the population have had the "impression that projects have slipped well behind schedule and that public spending on them is excessive with the economic cost of financing them very high," he said.
Although the World Cup was largely a success, many Brazilians were angry that around a quarter of the $15 billion bill went into building stadiums rather than health, education and transport.
"The organization of the World Cup was considered a success but coincided with a moment in time when society wanted more investment targeting the improvement of public service," said Botelho.

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 economic bets off for brazils rousseff Arab Today, arab today economic bets off for brazils rousseff

 



Arab Today, arab today
Arab Today, arab today Kanye West puts hijab-wearing model

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 16:23 2017 Sunday ,19 February

Global energy news

GMT 16:05 2017 Sunday ,19 February

Trudeau calls for wider social benefit from economy

GMT 05:57 2017 Sunday ,19 February

How do you say déjà vu in Greek?

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 17:36 2017 Monday ,13 February

Designer prepares to present 2017 collection
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