Brasilia - Brazilian President Luiz Inacio Lula da Silva said Monday that the South American giant has gotten over the global financial crisis and would experience strong growth in 2010. In his weekly radio programme Breakfast With the President, Lula said the Brazilian economy grew in the second quarter by 1.9 per cent from the previous quarter. This technically ended the recession that had started in October.
Lula said the latest figures confirm his government's predictions, which had indicated that Brazil would be one of the first countries to get over the crisis.
"When the crisis came, we took countercyclical measures to provide incentives for industry to produce and to make life easier for consumers, and that way we again broke production and sales records," Lula said.
He noted that the 1.9-per-cent growth in the April-June period was the start of a broad recovery process.
"I think the figures for the third quarter will be very important and will show much better growth in the Brazilian economy," he said.
