Brazil's interim President Michel Temer has met with his newly-installed cabinet. Temer took power on Thursday after the Senate voted to suspend Dilma Rousseff pending a decision in her impeachment trial.

Temer charged his new ministers with enacting business-friendly policies while maintaining the still-popular social programmes that were the hallmark of Rousseff's Workers' Party. He quickly named respected former central bank governor Henrique Meirelles as his finance minister.

Temer aides said the incoming government would soon announce a series of austerity measures to help reduce a massive budget deficit.

In addition to the gaping deficit, Brazil is also suffering from rising unemployment, plummeting investment and a projected economic contraction of more than 3 percent this year.