Brazil’s current economic struggles are due in part to prolonged government stimulus that must be cut back, President Dilma Rousseff said on Monday, in a rare public acknowledgment that her policies had contributed to a deep recession.
In a video posted online to mark Brazil’s Independence Day, Rousseff renewed her commitment to an austerity agenda amid growing concern in financial markets about the government’s slipping budget targets and unrest in her ruling coalition.
“If we made mistakes, and that is possible, we will overcome them and move on,” Rousseff said, in one of the clearest signs of contrition from the leftist leader.
Her comments marked a shift in tone from years of speeches blaming Brazil’s economic troubles solely on a global slowdown.
Brazil Energy Insight 
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