Just two years ago, when Dilma Rousseff was elected Brazil's president, the country's economy was booming. It then ground to a halt and is now struggling to recover. Despite increasingly frantic official efforts at stimulation, the moribund creature grew by only 0.6% in the third quarter-half the number forecast by Guido Mantega, the finance minister. Most market analysts now expect gdp growth to be less than 1.5% this year and not much more than 3% next year. So much for the notion that the b in the brics is a speedy economy.
展开▼
