Lula says Brazil's economy will grow 3% or more.
"We're going to grow 3% or a little more. And why are we going to grow? Because things are happening. In all areas, we're investing twice as much as that citizen's government," he said.
Reuters President Luiz Inácio Lula da Silva stated on Tuesday night that Brazil will experience 3% GDP growth this year, despite lower forecasts of around 1,75%.
In an interview with RedeTV!, Lula guaranteed that the country will exceed all predictions and that 2024 will be the year of reaping what has been sown.
"We are going to grow more than any forecast. We are going to grow 3% or a little more. And why are we going to grow? Because things are happening. In all areas we are investing twice as much as that citizen's government," he stated, referring to his predecessor Jair Bolsonaro.
The president argued that "little money in the hands of many" means wealth distribution, and this will help the country grow, with more resources circulating, and the government will take new measures this year to encourage this.
One of them is the creation of a payroll loan for workers in general. Today, this type of loan, which has lower interest rates and is deducted directly from the paycheck, is restricted to public servants, retirees, and pensioners.
"We are going to announce payroll-deducted loans for the entire Brazilian working class," he revealed.
Since the end of last year, Lula had expressed concern about estimates that Brazil's GDP would grow by little more than 1% this year, and commissioned measures from his economic team to try to reverse the pessimism, which was based on predictions of a global economic depression.
The Central Bank's Focus survey, released on Tuesday, again showed an increase in financial market expectations for GDP growth this year, rising to 1,75%. A month ago, it was at 1,60%. However, this is still far from the 3% predicted by the president.