Economy in Brazil is Booming
Brazil's president seems to have the economy in the country able to withstand other's economic problems. Luiz Incacio Lula da Silva or Lula led the Brazilian economy to a slight growth during 2007 at 5.4%. Plus the inflation rate dropped to 3.6%, and surplus was even up.
Many people who have advised investors before have said that of the BRIC nations, that Brazil has the strongest economy. Those nations are Brazil, Russia, China and India. The mortgage problem hasn't even seemed to bother the country. And the economy in Brazil is growing more still.
Banks in Brazil never sold any of their mortgages and the people own 70% of homes. It's really an amazing feat when you look at how all other countries have experienced problems in their economies. Showing that the economy in Brazil is growing continually each year.
The economy was one of President Lula most important task, many may say he let other things go on the wayside, but obviously he is doing a good job. Back in 2006 he won re-election after running away with the victory some 61% to only 39% for his opponent.
One thing that has never been done by a Latin country before is paying off an International Monetary Fund, ahead of when it's due. But the economy in Brazil is growing and has accomplished that feat, and had a lot of money still left in the reserves. In fact they paid it off a year early.
Many people say that only the upper classes have benefited from President Lula's economy. While still more say that the education process of the country should also be a priority, and public sectors need to be streamlined. However, it's always the same a few people will need to complain.
Helping out relations with the United States and other Latin countries, Brazil has made up three different organizations for this purpose. A shining star in the days where the economy has hurt most countries, perhaps we should all take a few lessons from President Lula and his ideas. - 23159
Many people who have advised investors before have said that of the BRIC nations, that Brazil has the strongest economy. Those nations are Brazil, Russia, China and India. The mortgage problem hasn't even seemed to bother the country. And the economy in Brazil is growing more still.
Banks in Brazil never sold any of their mortgages and the people own 70% of homes. It's really an amazing feat when you look at how all other countries have experienced problems in their economies. Showing that the economy in Brazil is growing continually each year.
The economy was one of President Lula most important task, many may say he let other things go on the wayside, but obviously he is doing a good job. Back in 2006 he won re-election after running away with the victory some 61% to only 39% for his opponent.
One thing that has never been done by a Latin country before is paying off an International Monetary Fund, ahead of when it's due. But the economy in Brazil is growing and has accomplished that feat, and had a lot of money still left in the reserves. In fact they paid it off a year early.
Many people say that only the upper classes have benefited from President Lula's economy. While still more say that the education process of the country should also be a priority, and public sectors need to be streamlined. However, it's always the same a few people will need to complain.
Helping out relations with the United States and other Latin countries, Brazil has made up three different organizations for this purpose. A shining star in the days where the economy has hurt most countries, perhaps we should all take a few lessons from President Lula and his ideas. - 23159
posted by X - Men @ 3:36 AM
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