Thu, 16 Aug 2012 13:05:28 GMT
Brazil introduced $60bn economic stimulus package
On Wednesday,
August 15, Brazil's government announced the first pace of an economic stimulus
plan to boost the nation's economy. According to the plan, more than
$60bn will be aimed at Brazil's infrastructure, particularly roads and
railways. Meanwhile, Brazil's economy is expected to grow only 2% in 2012,
compared with a 7.5% growth in 2010. Nation's leaders hope that the
economy will benefit from the Olympic