Brazil’s Lula Recognizes Economy Has Been Weak

    Brazilian President Luiz Inácio Lula da Silva said Monday, January 30, that 2006 will be a positive year. "It will be a year of economic growth, increased productivity, export growth, and greater income for workers," he declared.

    In his weekly radio broadcast, "Breakfast with the President," Lula affirmed that the minimum wage increase decided last week will inject US$ 6.77 billion (15 billion reais) into the economy.

    From his perspective, the expansion of the economy was the outcome of a process that required a powerful adjustment in 2003.

    Although the initial results were "harvested" in 2004, the President acknowledged that the third quarter of 2005 was "weak."

    "The GDP [Gross Domestic Product] grew less than we were hoping, but, beginning in October, we were able to discern signs in various sectors that the economy would pick up," he remarked.

    Lula said that he is counting on the effort that is being made to propel Brazil on a new cycle of sustainable economic growth, not merely confined to company wealth and productivity indices.

    "Let there be growth in company wealth and the productivity indices, but let there also be growth in workers’ salaries and the quality of life of the Brazilian people," he added.

    Agência Brasil

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil's Vale

    Brazil Sells US$ 1.8 Billion to Arabs in August, a 51% Growth and a Record

    Brazil Exports to the Arab countries generated US$ 1.824 billion in August, growth of ...

    Cabo Branco beach in João Pessoa, Brazil

    The More I Hear About the US the More I Want to Move to Brazil

    It is no secret that I am one American thrilled with Brazil and especially ...

    Brazil Breaks Another Gang Smuggling Women and Children to the US

    The Brazilian Federal Police have announced arrests of at least three people in the ...

    100 Countries Gather in Brazil to Discuss Corruption

    The combat of corruption and money laundering, and the incentive of agreements for international ...

    Inflation Keeps Going Down in Brazil

    The inflation in the southeastern Brazilian city of São Paulo,  kept its downward trend  ...

    US Still Number 1 Spammer, But Brazil Gets Honorable 5th Place

    The antivirus company Sophos has published its latest report on the top 12 spamming ...

    Blindfolded

    Brazil’s international trade policies and strategies must improve dramatically, especially where high-tech, big ticket ...

    For Brazilians, Vote Buying Scandal Is Just Politics as Usual, Shows Poll

    Most Brazilians associate the recent charges and investigations of federal government corruption with the ...

    Brazil: Journalist Wants Dictatorship Abuses Reinvestigated

    Brazilian journalist Rose Nogueira, president of the group Tortura Nunca Mais (Torture Never Again). ...

    Indian Assassination Has Doubled in Brazil from 20 to 40 a Year

    The extreme social exclusion and lack of government actions for truly protecting the rights ...