Rousseff Tells Obama Rich Nations’ Policies Harm Growth

Brazil’s President Dilma Rousseff urged the U.S. to invest more in the world’s sixth-biggest economy and told President Barack Obama that monetary conditions in rich nations are hurting global economic growth.

Rousseff, speaking yesterday alongside Obama at the White House, said she is concerned about “expansionist” monetary policies that “lead to a depreciation in the value of the currencies of developed countries, thus impairing growth” in faster-growing emerging markets.