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Rousseff "appalled" by IMF's pessimistic estimates about Brazil

Xinhua, January 23, 2016 Adjust font size:

Brazilian President Dilma Rousseff said Friday that she was "appalled" by the pessimistic projections the International Monetary Fund (IMF) made about her country earlier this week.

The IMF said in its latest report that Brazil's "critical situation" will continue and its economy will not resume growing until 2017, predicting that the state of the Brazilian economy would negatively affect the global economy as a whole.

"I was appalled by a phrase I read in the latest IMF report. We all know the IMF talks a lot," the president said, referring to "Brazil's critical situation," which the institution has considered as one of the relevant factors in the current world economic scenario.

Rousseff questioned the IMF's stance, saying that the institution attributed Brazil's so-called "critical situation" to the political instability the country is going through and the investigations on the corruption scheme at Brazil's state-owned oil company Petrobras.

Rousseff said Brazil will overcome the political instability and manage to resume its economic growth. Endi