Brazil Miracle Architect Emerges as Ally of Rousseff’s Rate Cuts

Brazil Miracle Architect Emerges as Ally of Rousseff’s Rate Cuts

Marcos Issa/Bloomberg

As finance minister between 1967 and 1974, Delfim Netto oversaw what became known as the Brazilian economic miracle, when gross domestic product expanded at an average annual clip of 10 percent, the fastest on record.