President Michel Martelly welcomes re-election of Dilma Rousseff
Rousseff has her work cut out for her because Brazil's economy is projected to grow only 1% in 2015, down from 7.5% in 2010, prior to Rousseff taking office. If she doesn't put Brazil's fiscal house in order, the country's credit rating will be downgraded next year.
Knowing what is at stake Rousseff says she is committed to working ". . . with political adversaries and business leaders alike to usher in a new era of economic growth." She has also reached out to investors concerned about the dire state of Brazil's finances, telling them she will dedicate her second term to fiscal rigor and anti-inflationary measures.
Local businesses are demanding Brazil reform its tax code and pension system, burdening public finances. Rousseff does not disagree with them, but shows a disinclination to work with Congress to pass needed legislation, a major downfall of her administration.
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