President: Brazil's economy, inflation under control

Brazil has solid fiscal stability and its inflation rate is under control, President Dilma Rousseff said Monday via her official Twitter account. Brazil was hit by the international financial crisis, but maintained fiscal stability while promoting wealth distribution and job creation, Rousseff said. A sound fiscal situation is necessary to make great improvements in healthcare, urban transportation and education, all demands of recent street protests, she said. The country will see an inflation rate of less than 6.5 percent (the upper limit set by government policy) for the 10th year in a row in 2013, Rousseff said. Accumulated inflation from January to October stood at 4.38 percent, official data showed. "Brazil has a solid economy" due to large foreign investments, she said. "Those who bet against Brazil always lose."