Brazil Economic Growth Will be Better than 5.7 Pct

The Brazilian government has raised its projection for economic growth this year from 5.2 percent to more than 5.7 percent

Brazil will see a quick economic growth projected to 5.7 percent this year, Finance Minister Guido Mantega told a press conference on March 11, Xinhua reported.

"The vigour the economy had was fully resumed. Growth will be better than 5.7 percent," said Mantega. He also said the growth was "sustainable"and Brazil will enjoy "quality growth" thanks to the increased investment and a recovery of manufacturing.

He added that the country's economy had increased by 4.3 percent year on year in the last quarter of 2009, despite a 0.2 percent decline in the whole year. Industry has been keeping sound growth momentum, which indicates a fast economic growth in 2010.