Brazil's President-elect Dilma Rousseff prepared on Monday to take over an economy that is booming but faces several threats including heavy budget spending, an overvalued currency and creaking infrastructure. Rousseff, who based her campaign on extending the legacy of President Luiz Inacio Lula da Silva, won her first election as Brazilians voted overwhelmingly for continuity.
Rousseff, 62, paid homage to Lula in her victory speech, pledging to extend a "new era of prosperity" that has lifted 20 million Brazilians into the middle class and turned the country into an investor favorite.