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Brazil Economy Recovering, Lula
Brasilia - Brazilian President Luiz Inacio
Lula da Silva affirmed on Monday the national
economy is showing signs of recovery, and attributed
the drop of the Gross Domestic Product in the first
trimester to the world crisis.
From Geneva, where he traveled to attend the
International Labor Conference, Lula lamented the
0.8 percent contraction of the Brazilian economy in
the first three months of the year, compared to the
same period last year.
However, he affirmed in his regular Coffee with the
President program the worst is over now, and the
economy is showing appreciable signs of recovery, be
it through public investments by municipalities,
states or the federal government, or the Growth
Acceleration Program. That improvement is
corroborated with the coming of foreign capital and
by local businesspeople themselves, who have
realized it is necessary to invest to recover the
lost time, Lula sustained.
Brazil has an organized economy, it was the last to
enter the crisis and will be the first to overcome
it, the president noted.
State investments and people's consumption prevented
Brazil from suffering a more negative effect caused
by a contraction of its GDP and economy.
"I remain positive and think the worst is over for
our country," stressed Lula, and added Brazil will
teach many people how to face an economic crisis. |
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