2 million new jobs in Brazil
Two million new jobs are to be created in Brazil following heavy investment from the government, according to new reports.
Brazilian President Luiz Inácio Lula da Silva has unveiled plans to improve the country’s infrastructure, which he says will in turn boost the economy and help create jobs.
He made the announcement during his weekly radio broadcast.
President Lula said: "We will have a 2008 far better than 2007, with more jobs and more growth.
"Many investments are about to begin…in February, March, April almost all projects will begin generating jobs and giving more strength to our economy."
Brazil’s economy was given a boost at the end of 2007 when state-owned oil firm Petrobras found what is thought to be around 40 per cent of the country’s total oil reserves off the coast of Rio de Janeiro.
A thriving economy is good news for property investors in Brazil, as it may bode well for property prices and attract other investors to the nation.
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