Monday, January 09, 2006

Record Breaking

Lula’s orthodox approach to the economy is paying back.

Brazil closed the 2005 with record breaking trade figures. Exports, imports and the year’s surplus reached new highs.The country reported a surplus of US$44.7 billion for 2005, a year over year increase of 33%. Exports rose by 22% to US$118.3 billion in spite of local currency revaluation.

The Brazilian Government expects 2006 to also bring double digit growth in trade figures. That if it sticks to its current economic policy and doesn't fall into the temptation of populism in an electoral year.


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