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Brazil: poor prospects undermine Lula’s promise to repeat his past success in the economy

By Silvio Ribas

President Luiz Inácio Lula da Silva (PT) promised national prosperity, saying his third term would feature economic growth averaged over the first two governments (2003 to 2010) - around 4% per year.

But the outlook for the next few years indicates that the promise will unlikely be kept.

"In these next four years, we will do much more than I did in my first eight years."

"The worker will receive, besides inflation, the average growth of the GDP, as we have always done in our governments," said the president in a union event on May 1.

Amid . . .

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