Brazil Posts Positive GDP Growth PDF Print E-mail
Written by Michael Swanson   
Friday, 31 July 2009 15:29
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.
by MichaelSwanson


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.

Investors state that Brazil is by far the strongest economy when compared to several of the other past leaders. Their inflation rate even dropped, and surplus was up to $3. 6 billion dollars. What a fantastic leadership role President Lula has taken on.

Not even affected by those mortgages problems that have faced so many other nations in the world. A large amount of homes are owned by the Brazilians, 70% in fact. Though they may not be in the best shape, they still do own them.

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.

President Lula has created a few organizations that help other nations with many things. Brazil is a great example of a country that is run well, and has succeeded.

DISCLAIMER: This article is provided as information only and is not to be taken as financial advice.

Michael Swanson is the editor of the WallStreetWindow BRIC countries report.