Brazil’s economy is in good shape

Brazilian President Dilma Rousseff has said that her country’s economy is in good shape as its key macroeconomic indicators are healthy. Inflation is under control, foreign reserves are high and the public account balance is sound, said Rousseff at a ceremony held here on Tuesday for the signing of a contract to build a subway line in Salvador, Bahia state. Meanwhile, the cost of social security as a percentage of gross domestic product is falling, she noted. The president made the remarks to defend her administration’s economic performance after a political opponent said the “macroeconomic triad” of sound monetary, fiscal and exchange policies had been weakened. Marina Silva, a former senator and environment minister and probable rival of Rousseff in next year’s presidential election, said Friday that Rousseff’s administration was marked by deterioration of the country’s situation. Rio De Janeiro, October 16 (QNA) – Brazilian President Dilma Rousseff has said that her country’s economy is in good shape as its key macroeconomic indicators are healthy. Inflation is under control, foreign reserves are high and the public account balance is sound, said Rousseff at a ceremony held here on Tuesday for the signing of a contract to build a subway line in Salvador, Bahia state. Meanwhile, the cost of social security as a percentage of gross domestic product is falling, she noted. The president made the remarks to defend her administration’s economic performance after a political opponent said the “macroeconomic triad” of sound monetary, fiscal and exchange policies had been weakened. Marina Silva, a former senator and environment minister and probable rival of Rousseff in next year’s presidential election, said Friday that Rousseff’s administration was marked by deterioration of the country’s situation.