Thursday, December 1, 2011
Brazil seeks to stimulate economy, consumption
Brazil's Finance Minister Guido Mantega announced today a series of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations.
The government seeks to stimulate inversion, credit, employment and consumption through the implementation of tax cuts for the industry sector and an extension of housing plans, among other measures.
"We won't let the international crisis contaminate the Brazilian economy which is different from others. We keep on growing and we forecast a 5 percent growth in 2012," Mantega said during a press briefing.
The government seeks to stimulate inversion, credit, employment and consumption through the implementation of tax cuts for the industry sector and an extension of housing plans, among other measures.
"We won't let the international crisis contaminate the Brazilian economy which is different from others. We keep on growing and we forecast a 5 percent growth in 2012," Mantega said during a press briefing.
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