InfoAnda - Rousseff's mission for Brazil in 2012: 4 percent growth |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Thai "red shirt" protesters vow defiant mass rally | 8 April 2010
Iraqi guards said to throw party for shoe-thrower | 17 January 2009
Milan prosecutor wants jail terms upheld for Google autism video | | 12 December 2012

Tunisia joins international war crimes court | | 25 June 2011

Forum Views () Forum Replies ()

Read more with google mobile : Rousseff's mission for Brazil in 2012: 4 percent growth |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Full Article Images of December Best photos of the year Follow Reuters Facebook Twitter RSS YouTube Read Subculture of Americans prepares for civilization's collapse 21 Jan 2012 U.S. aircraft carrier enters Gulf without incident 22 Jan 2012 Tornadoes strike Arkansas as storms menace south 12:17am EST U.S. aircraft carrier enters Gulf without incident 22 Jan 2012 Romney to right tax "mistake" after primary loss | 2:48am EST Discussed 256 Subculture of Americans prepares for civilization’s collapse 117 Supreme Court rejects judge-drawn Texas election maps 114 Obama set to reject Keystone oil pipeline: sources Watched A dangerous walk to school Fri, Jan 20 2012 Angelina Jolie fascinated by "bizarre" Republican presidential race Sun, Jan 22 2012 New footage shows dangers faced by Italian police rescue divers Sat, Jan 21 2012 Rousseff's mission for Brazil in 2012: 4 percent growth Tweet Share this Email Print Related News China policy easing ahead as growth hits 2-year low Tue, Jan 17 2012 China inflation eases to 15-month low, policy easing eyed Thu, Jan 12 2012 Fed officials at odds over policy path Wed, Jan 11 2012 China trade growth slows to 2-year lows in December Tue, Jan 10 2012 Analysis & Opinion U.S. industrial pop may be just that Asian rally ignores looming risks to growth Related Topics World » United Nations » Brazil » Brazil's President Dilma Rousseff reacts after a meeting with the France's Prime Minister Francois Fillon at the Planalto Palace December 15, 2011. Credit: Reuters/Ueslei Marcelino By Brian Winter BRASILIA | Mon Jan 23, 2012 2:39am EST BRASILIA (Reuters) - Brazilian President Dilma Rousseff has made 4 percent economic growth her government's main mission this year and is willing to cut taxes, take stimulus measures and possibly sacrifice other targets if needed, government sources tell Reuters. Rousseff gathered with several ministers at the presidential palace in Brasilia over the weekend, putting together what one official called the "business plan for 2012" as Brazil's summer holidays draw to a close. Rousseff could decide on specific measures in coming days and officials, speaking on condition of anonymity, said the career economist is determined that Brazil's economy will perform better than it did during her first year in office in 2011, when growth was likely about 3 percent. "The number in everybody's head is four," one official said. "Almost everything else we're doing will revolve around that." Officials say they will pursue that goal responsibly, and will be flexible in the event of external crises in Europe or elsewhere. The policy options on the table - from tax incentives for struggling industries to greater lending through the BNDES state development bank, among others - will be deployed carefully without spoiling Brazil's reputation for consistently well-run, slightly left-of-center economic management, they say. Nevertheless, the growth-first approach will likely mean risks for financial markets this year. They could include sudden and unpredictable economic policy shifts or another spell of high inflation after prices rose at 6.5 percent in 2011, the fastest pace in seven years. Rousseff's target is well above most independent forecasts. The United Nations expects just 2.7 percent gross domestic product growth for Brazil this year. That means the government may engage in heavier than expected stimulus, especially if the euro zone crisis worsens or China's economy slows. The stimulus could, in turn, cause Brazil to narrowly miss its year-end primary budget surplus target of 3.1 percent of GDP. After a remarkable run of success in recent years, it is unclear whether Latin America's largest economy is still capable of growth of 4 percent a year or more without deep reforms. Severe infrastructure problems, record-low unemployment, high credit demand and other structural bottlenecks meant that even last year's timid growth came with inflation right at the top of the government's target range. For now, though, Rousseff's advisers say they believe they can have it all in 2012 - a kind of "Goldilocks economy" in which both inflation and interest rates fall, while growth rises. They say that Rousseff will be involved in managing the economy on a regular basis, just as she was last year, and will be willing to tweak the twin levers of stimulus and restraint as circumstances dictate to allow for healthy growth. When feasible, though, the government will err delicately on the side of economic expansion. "Brazil wants to be seen as a safe country that grows," Treasury Secretary Arno Augustin said in a newspaper interview this month. Reminded of that quote, a separate official said: "That's right," then smiled and added "Well, maybe it's better to say 'a country that grows and is safe.'" BRAZILIANS REMAIN HIGHLY OPTIMISTIC Rousseff's decision to put economic growth first is rooted in her vision of the global economy, as well as Brazilian public attitudes about her government and their own well-being. Despite a rough patch last year that saw the economy notch zero growth in the third quarter, Brazilians remain optimistic. A Datafolha poll published on Sunday showed that 83 percent of people think the economy will either stay the same or improve - the highest level since Rousseff took office a year ago. That number rose to 90 percent when Brazilians were asked about their own financial situation - another record high. The zeitgeist is still very much that of a country enjoying a historic economic boom. Sunday's newspapers were full of celebratory headlines. "In a decade, 10 million people have come out of extreme poverty," read the front page of Estado de S.Paulo. Folha de S.Paulo led with news that 59 percent of Brazilians consider Rousseff's government "great" or "good" - more than her exalted predecessor, Luiz Inacio Lula da Silva, at a similar stage of his presidency. Rousseff's advisers believe that continued growth is the key to maintaining that support. They look in horror at the United States and Europe, where they believe fiscal orthodoxy have trapped countries in a low-growth quagmire. "As long as the economy is in good shape, (Rousseff) looks to be in charge, the business sector doesn't apply pressure, the workers have jobs and money ... and the opposition doesn't have anything to say," Folha columnist Eliane Cantanhede wrote. INDUSTRY, COMMODITIES EXPORTS ALREADY IN TROUBLE At the same time, everyone knows the good times are fragile. Industrial production has been flat for the better part of three years due to an overvalued exchange rate, high taxes and other costs that make Brazil an increasingly expensive and difficult place to do business. If prices for Brazil's commodities exports stay flat or decline this year, that could leave consumer demand as the only remaining major engine for the economy. Under that scenario, stimulative measures could eventually lead to bubbles in areas such as real estate or lending for lower-income groups. Data in recent weeks indicates that Brazilians are taking on less debt, spending less and paying off more liabilities - which economists say reduces the odds of a credit bubble taking shape. Still, Rousseff's officials say they are aware of the risks, and will monitor them closely. Rousseff's penchant for sudden policy shifts has been cited by investors as a growing risk to doing business here. Her decision last year to reduce the mix of ethanol in local fuels, for example, was intended to subdue inflation but also unsettled biofuels companies. [ID:nN1E79D08N] Considerations over unpredictability seem to be in the back seat for now. Officials are mindful that a second year of sub-par growth could spell political trouble for a leader who, lacking Lula's charisma, has staked her presidency on her reputation as an effective economic manager. The first half of the year will be especially critical, in part because officials expect that is when Europe's economic crisis will be at its worst. Municipal elections in October will enhance the need for economic growth in order to favor candidates in Rousseff's coalition. As a result, the government's annual budget spending freeze - in which some expenditures are declared frozen as a gesture to investors - could be backloaded in 2012 to ensure that growth remains vibrant in the first six months. "This is a serious government, and we're going to do everything possible to meet all of our targets this year," a third official said. "What distinguishes Brazil from the rest of the world is that our economy is growing, too." (Reporting by Brian Winter; Editing by Todd Benson and Kieran Murray) World United Nations Brazil Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 23 January 2012
Analysis: Iran's softer Gulf words don't mean nuclear shift |
Cuba's Ladies in White call dissident death murder |
Croatia votes to join EU in 2013 |
Pro-euro candidate wins first round of Finnish vote |
Epic clash: Silicon Valley blindsides Hollywood on piracy |
Europe to issue tough new data-protection rules soon |
Apple 2012: Smooth sailing, for the most part |
Twitter is much more than social: co-founder Dorsey |
U.S. lawyer for Megaupload.com withdraws |
Bryce Dallas Howard gives birth to daughter |
Fourth 'Underworld' film leads domestic box office |
Melissa Rivers to mom Joan: Time for 'skintervention' |
Jackson, Wood liken Hobbit filming to family reunion |
Chicago celebrates music history in revived zone |
Syria rejects Arab call for Assad to quit |
U.S. aircraft carrier enters Gulf without incident |
Rousseff's mission for Brazil in 2012: 4 percent growth |
Egypt's Islamist-led parliament to hold first session |
Some Chinese aggrieved find inspiration in rebel village |
ICC to decide whether to try six Kenyan suspects |
BlackBerry maker's CEOs hand reins to insider |
Megaupload kingpin tells New Zealand court he is innocent |
Nokia Siemens secures 1.2 billion euro loan deal |
Firm stops file sharing after Megaupload case |
Two more arrested in Europe over Megaupload case |
Sony top contender for Olympus equity tie: report |
Olympus jumps 7 percent after Tokyo bourse keeps it listed |
Korean research, a first step toward Dr. Smartphone? |
Heidi Klum and Seal call it quits |
Angelina Jolie, Brad Pitt trade views on filmmaking |
Epic clash: Silicon Valley blindsides Hollywood on piracy |
Another side of Ai Weiwei shown in Sundance film |
Damien Echols discusses life West of Memphis |
Fourth Underworld film leads domestic box office |
EU bans Iranian oil, Tehran responds with threats |
Putin foe could be barred from Russian election |
Pakistan rejects U.S. report on NATO attack |
Chinese fire on Tibetan protesters, 1 dead: advocacy group |
No decision yet on Gaddafi son's trial: ICC |
Shipwreck probe may widen to cruise company: lawyer |
Kenya's Kenyatta says rejects war crimes charges |
Nigerian police say four Boko Haram members killed |
Exclusive: YouTube hits 4 billion daily video views |
Tablet, e-reader ownership almost double over holidays: survey |
Music sales fall again in 2011, but optimism grows |
Music player app lets users sing along with lyrics |
Toyota finds way to avoid using rare earth: report |
Intel to buy QLogic's InfiniBand assets for $125 million |
Music sales fall again in 2011, but optimism grows |
Jackson, Wood liken Hobbit filming to family reunion |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01