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Brazil's da Silva Pledges to Boost Economy in Second Term

Brazilian President Luiz Inacio Lula da Silva says that later this month he will announce a series of measures to stimulate the country's growth.

President da Silva was sworn in for a second term Monday, pledging to Congress to make Brazil's economy grow.

Mr. da Silva begins his final, four years in office with a record of having brought inflation under control and stabilizing the country's boom-and-bust economic cycles. But Brazil's 2.6-percent growth has lagged behind other countries in the region and is only a quarter of India's and China's.

Mr. da Silva has pledged to increase Brazil's growth to five percent.

Thousands of people gathered in the rain outside the presidential palace to celebrate Mr. da Silva's inauguration. He won a landslide run-off election in October in spite of a series of corruption scandals that have plagued his Workers' Party.

Some information for this report was provided by AFP and AP.