Economy struggles as Rousseff begins 2nd term

Brazilian President Dilma Rousseff delivers a speech during a ceremony presenting the final report of the National Truth Commission (CNV) in Brasilia, Brazil, on December 10, 2014Brasília (AFP) – Brazil’s President Dilma Rousseff will be sworn in for her second term Thursday before thousands of cheering supporters, but any moment of triumph will surely be short lived. The ongoing probe investigation into a huge network of corruption at Petrobras, the state oil firm she used to chair, has tainted many of her allies and weakened her as she turns to the economy. Rousseff won October’s hard-fought election thanks to voters reliant on the extensive social welfare programs put in place a decade ago by her Workers Party predecessor Luiz Inacio Lula da Silva. She nevertheless defeated her right-wing rival Aecio Neves, who won over the business community but failed to convince workers that he could revive growth without drastic cuts.

Share this article