Lula: New measures to help economy
Brazilian property investors may be interested to learn that President Luiz Inacio Lula da Silva has said new measures to help the country combat the global financial crisis will be announced by January 20th.
Mr Lula da Silva said the government will be working hard at the beginning of 2009 to boost the economy to stop the "peverse effects" of the recession from affecting Brazil.
He added that the country is "strong economically" and said that the credit crunch should be viewed as an opportunity to "do the things we haven’t done yet".
Last week, Mr Lula da Silva called on Brazilians to spend more money to help the country’s economy overcome the financial downturn.
The 46-year-old leader said increasing spending will help to save jobs in Brazil, telling consumers to balance their budgets and not be afraid of buying responsibly.
He added that Brazilians should not give up their dreams because of fears for the future.
