BRASÍLIA: Embattled Brazilian President Dilma Rousseff admitted on Thursday (Friday in Manila) that her government’s “biggest mistake” was underestimating the magnitude of the economic crisis the recession-hit South American country has faced in recent years.
In a meeting with a small group of journalists, Rousseff cited economic uncertainty in China and severe drought in Brazil in explaining the slowdown in her own country, the world’s seventh largest economy.
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