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Reuters
Reuters
Business

FORGOTTEN HISTORY: Lula pledges to stabilize brazil s economy says we ll grow again - The Untold Story

Brazil's President Luiz Inacio Lula da Silva gestures during the South American Summit at Itamaraty Palace in Brasilia, Brazil May 30, 2023. REUTERS/Ueslei Marcelino/File Photo

Brazilian President Luiz Inacio Lula da Silva said on Friday his government will "stabilize" Brazil's economy and put it back on a growth trajectory.

His remarks come a day after government data showed that Brazil's economy rebounded more than expected in the first quarter, powered by a booming farm sector and paving the way for a rosier annual outlook despite a drag from high interest rates.

(Reporting by Eduardo Simoes; editing by Steven Grattan)

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