Analysis - Brazil's economy faces trouble after World Cup, election

Brazil's President Dilma Rousseff (3rd R) poses with workers during the opening ceremony of the Beira-Rio stadium, which will be one of the stadiums hosting the 2014 World Cup soccer matches, in Porto Alegre February 20, 2014. REUTERS/Edison Vara

BRASILIA (Reuters) - With the World Cup in June and July and a presidential election in October, many Brazilians aren't thinking beyond 2014. But next year is likely to be memorable for all the wrong reasons in Latin America's biggest economy.

President Dilma Rousseff, or whoever wins the election, will have to make deep budget cuts, raise taxes and take other painful steps to address Brazil's growing financial imbalances.