Brazilian economy performance lauded
In news which may interest those investing in Brazilian property, the nation’s president has highlighted good performance of the economy, it has been reported.
Speaking in his weekly presidential broadcast, Lula da Silva speculated that Brazil could be resistant to the worldwide inflation caused by increasing food prices, according to Merco Press.
"The Brazilian economy is showing strength and sustainability and I think we are going to continue growing," he explained.
Mr da Silva revealed he aims to tackle inflation by increasing production, especially in the agricultural sector, the news provider reports.
In addition, he pointed out that Brazil has experienced record levels of job creation, especially in the areas such as agriculture and construction.
Attributing this to the investment outside the main urban areas, the president revealed 1.3 million new formal jobs were created in the first half of 2008.
Last week, Brazzil Magazine reported that a new 3,000-kilometre highway could be built across South America, allowing Brazilian firms to distribute their goods more widely.
