President
Lula: Brazil Will Continue To Grow
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President
Lula: Brazil Will Continue To Grow
Rio de Janeiro - President Luiz Inacio
Lulada Silva said Monday his country will
continue to grow despite facing financial
turbulence that it did not create.
"While most rich countries dive into a
recession, Brazil will keep on growing,"
Lulu said. "In 2009, we will grow less than
we would have liked to, and less than we
could have if not for this external crisis.
But we will grow."
During a business seminar in New York City,
Lula said that the crisis represents an
opportunity for world leaders, and one which
has challenged Brazil to work harder.
"This crisis came to tease me, to challenge
me, and will give me more motivation to do
more than it had been done before," Lula
said.
He said Brazil did not undergo the severe
crisis of confidence that swept the rich
countries because its economy was in order
by the time the crisis came up.
Lula stressed that he remains optimistic
about Brazil's prospects for the future but
that does not mean, however, that he is
unaware of the seriousness and the
importance of the crisis effects. He said
Brazil and China currently are the most
attractive countries for investments.
Additionally, Lula criticized Morgan Stanley
Bank's projection for Brazil's growth in
2009, which was recently reviewed from zero
growth to 4.5 percent shrinkage.
"These banks did not get it right about
their own situation, let alone Brazil's
situation," he said.
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