Rich countries' policies hurt world growth, Rousseff says

04/9/2012 | Bloomberg · Latin American Herald Tribune (Venezuela)

Brazilian President Dilma Rousseff told U.S. President Barack Obama that monetary policies of the wealthiest nations are a drag on global economic growth, especially among rapidly growing emerging economies. She later told Brazilian reporters that developed nations' reliance on interest rates close to zero to stimulate growth creates a "monetary tsunami" that damages Brazil.

View Full Article in:

Bloomberg · Latin American Herald Tribune (Venezuela)

Published in Brief: