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President Lula is praying for Obama

May 22, 2009

GO BRAZIL GO !

President Luiz Inácio Lula da Silva acknowledged this Thursday in Istanbul (Turkey) that the Brazilian economy will grow less than originally planned, but the billions of investment and desonerações already promoted by the government will prevent a recession in Brasill.  Cool!!!!!!!!!!!!!!!!! I believe!!!!!!!!!!

“We will grow less than expected. But we will not enter a recession. I can tell you all now that many sectors of the Brazilian economy are now in the process of recovery,” Lula said in an interview with three journalists from the Turkish press, among they reporter of the newspaper “Hurriyet”. 
 
Lula greets President of the Chamber of Commerce of Turkey, Rifat Hisarciklioglu
According to the report site “Hurriyet,” Lula said the Brazilian economy would grow between 5% and 6% this year, but the plan was frustrated due to the global economic crisis. Yesterday, the Ministry of Finance replicated the forecast of growth of GDP (Gross Domestic Product) in 2009 to 1%.

“I believe Brazil will show strong signs of recovery in the year 2009 and 2010 we in a position much better. I continue to pray for Obama and the European Union, because the recovery of them is important,” said Lula.

When asked about what would be Brazil’s GDP this year, Lula said he would not make estimates. He says this when one “talks a number,” he is considered the official. “I can not guess. While other countries have negative growth, we have positive growth,” he said simply.

To journalists, Lula also mentioned investments of U.S. $ 304 billion a “project launched in 2007” to foster the infrastructure – the PAC (Growth Acceleration Program), project and My House, My Life, to build houses for the low income.

Lula said that the private sector will play a key role in the development of bilateral economic cooperation and added that traveled with a large delegation of businessmen to “act fast and be brave.”

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