Rousseff Re-Elected on Call to Save Brazil’s Social Gains

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Source: Bloomberg News

Brazil’s President Dilma Rousseff won re-election and stretched her Workers’ Party’s rule to a record 16 years by convincing voters her opponent threatened social gains she pledged to expand in her second term.

Rousseff, who has maintained record-low unemployment even as the economy posted the slowest growth under any Brazilian president in more than two decades, had 51 percent of the vote with 98 percent of ballots counted by the electoral court in Brasilia. Senator Aecio Neves, a former governor of Minas Gerais state, had 49 percent.

Read more: http://www.businessweek.com/news/2014-10-26/rousseff-re-elected-on-call-to-save-brazil-s-social-gains