0.cached.png
By Newsweek Editors
Share
Newsweek is a Trust Project member
See more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.
Economists groaned when the hirsute former union man took office in 2003, but soon they were gasping instead. Brazil, once at the edge of ruin, now has $207 billion in Treasury reserves and the lowest inflation rate in the developing world. Thanks to Lula's fiscal smarts, Brazil is among the world's healthiest emerging economies.
Read More on World
Submit Correction
View Editorial & AI Guidelines