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Good environment for investment in Brazil 'could continue'

Date added: 14th October, 2010 at 10:45
(view all articles from October, 2010)

Categories: Economy

A friendly environment for investment in Brazil was created by the country's current president Luiz Inacio Lula da Silva and it is possible for the leader's successor to continue his work.

This is according to the Globe and Mail, which noted Lula - as he is often referred to - is a popular ruler with an 80 per cent approval rating.

Brazil is currently voting in a new leader, but as the first round of the election on October 3rd did not find a clear winner, a second ballot will be held on October 31st.

Dilma Rousseff of Lula's Workers' Party is expected to take office, the news provider stated.

The politician recently described herself as the "candidate of continuity" in a televised debate to religious leaders and students, Dow Jones Newswires reported.

Lula's leadership has seen 20 million people lifted out of poverty, while the economy has been expanding at an annual growth rate of six per cent, the Globe and Mail said.

Although the information source admitted it would not be easy for the candidate to follow her popular predecessor, it predicted it would be possible for her to maintain the nation's investment-friendly conditions.

"By addressing the immense challenges of the world's eighth-largest economy, the next president can be a face of continuity and continued progress," the news provider asserted.

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