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.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details