Lula praises Brazil economy

BRAZIL: Brazilian President Luiz Inacio Lula da Silva asserted on Monday that his country's economy can not stop, to be able to recover from the backward state it was plunged into in decades without developing.

Brazil needs several consecutive years of growth to generate more jobs, rent, the workers' income, because that way, people will have greater purchasing power and companies will produce more, said Lula in his habitual Coffee with the President radio show on Mondays.

Analyzing unemployment decrease in September to 7.7 percent, the President held that Brazil is on the right track, because economy, industry and trade are growing, simultaneously to employment, the rent, a mechanism that is composed of a huge wheel that should never stop.

To explain the good time in the country's economy, Lula mentioned a recent study by the World Bank that predicted that if Brazil continues to grow, it could become the fifth world economy by 2016. That is a challenge, the President said.

Thus, we need to do things right. We have not to make any invention or magic, but just to be aware that we need more credit, eliminate tax burdens to encourage people to buy what they still do not have, as houses, electrical appliances, and other goods. Brasilia, Prensa Latina