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Brazil’s Temer, in battle for survival, plans economic stimulus

 

President Michel Temer, fighting for survival over corruption allegations against him and his government, is planning new measures to jump start Brazil’s stalled economy, improve his dismal approval ratings and stifle calls for his resignation.

The stimulus measures, to be unveiled this week, include steps to relieve indebted consumers and also force credit card companies to pay businesses faster than the current 30 days, government sources said on Monday.

Temer is gambling the micro-economic measures will counter discontent over his failure to deliver on his promise to recover Latin America’s largest economy from a two-year recession.

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