Acting Brazilian President Michel Temer told agribusiness investors Monday his administration is likely to propose “unpopular measures” in the near future. “I have no fear of unpopular measures,” he told an agribusiness conference. “I have no electoral objectives. My only objective is to get Brazil back on track.” He offered no details on possible economic measures to come. Press reports have focused on a social security reform designed to reduce burgeoning deficits. Business leaders have expressed fears of higher taxes.
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