The president of Brazil, Luiz Inácio Lula da Silva, predicts an economic growth of the country by the end of 2024 of 3.5 %.

According to the president, the figure could even be 4 % “contrary to the forecasts that the market was considering until a few months ago.”

Lula indicated: “Once again, some people in the market began to announce and boast that the Brazilian economy would not grow more than 1.5 % this year, but for our good fortune it will grow 3.5% and be careful if it does not reach 4 %.”

Recent reports, published last week, indicate that gross domestic product grew 0.9 % during the third quarter compared to the previous three months “and is advancing at a year-on-year rate of 3.1 %.”

According to the president of Brazil, the country’s economic growth could be one of the highest in the world. “The important thing is that growth is distributed, so that the wage bill grows, which has already increased 11 % since he returned to power in January 2023.”

M.Pino

Source: finanzasdigital

(Reference image source: D A V I D S O N L U N A en Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram

La entrada Lula predicts 3.5 % growth in Brazil’s economy apareció primero en Bitfinance.