Brazil is stable, says Lula
Brazil is enjoying a period of stability while the rest of the world struggles due to the strain of soaring food prices, it has been reported.
President Luiz Inácio Lula da Silva revealed the Latin American nation is "under control" and he is optimistic despite rocketing world food prices, according to Mercopress.
Speaking on his weekly Breakfast with the President radio programme, President Lula said: "Brazil is ready to become the world’s main producer of food."
"When the entire world currently is undergoing an inflationary process because of food prices, Brazil is the only big economy where inflation has not soared," he added.
The president concluded by emphasising his nation would increase production and provide all the food the world needs referring to his country as the "main food reserve for the world".
People looking at property for sale in Brazil could be encouraged to hear the president’s optimism at a time when many nations are panicking.
Last week, the president announced he wanted to forge closer economic ties with Japan during a week of celebrations to mark 100 years of Japanese immigration in his country.
