Economy in Brazil is Booming
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.
Talking to investors they say that Brazil has the best economy when being compared to the BRIC nations. These are Brazil, Russia, India and China, and the mortgage problem didn't even affect the people of Brazil.
Which is awesome, in fact the banks are still in possession of the mortgages, where 70% of the Brazilians actually own their homes. It seems that the success is due to Lulu making his top priority that of the economic growth of his country.
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.
This growth has also allowed Brazil to be able to pay off their International Monetary Fund ahead of time. A year in advance, something that isn't heard of normally even. President Lulu took the funds for the final payment of 15. 46 billion dollars from the reserves.
Though many people will always complain about things, and this is a case where that is to be true too. People complain that only the people in higher classes are receiving the benefits of the economy being so much better. And another cause of frustration seems to be not enough energy or focus is being placed on the education system.
Helping out relations with the United States and other Latin countries, Brazil has made up three different organizations for this purpose. A shining star in the days where the economy has hurt most countries, perhaps we should all take a few lessons from President Lula and his ideas. - 23196
Talking to investors they say that Brazil has the best economy when being compared to the BRIC nations. These are Brazil, Russia, India and China, and the mortgage problem didn't even affect the people of Brazil.
Which is awesome, in fact the banks are still in possession of the mortgages, where 70% of the Brazilians actually own their homes. It seems that the success is due to Lulu making his top priority that of the economic growth of his country.
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.
This growth has also allowed Brazil to be able to pay off their International Monetary Fund ahead of time. A year in advance, something that isn't heard of normally even. President Lulu took the funds for the final payment of 15. 46 billion dollars from the reserves.
Though many people will always complain about things, and this is a case where that is to be true too. People complain that only the people in higher classes are receiving the benefits of the economy being so much better. And another cause of frustration seems to be not enough energy or focus is being placed on the education system.
Helping out relations with the United States and other Latin countries, Brazil has made up three different organizations for this purpose. A shining star in the days where the economy has hurt most countries, perhaps we should all take a few lessons from President Lula and his ideas. - 23196
posted by X - Men @ 2:43 AM
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