Brazil out-performs region
The Brazilian economy will grow more than that of Latin America and the Caribbean over the course of 2008, it has been reported.
People considering buying property for sale in Brazil could be interested to hear the news which suggests the economy in the country will be resilient.
The Economic Commission for Latin America and the Caribbean (Eclac) claims the region is set to grow by 4.7 per cent while Brazil grows by 4.8 per cent this year, according to the Brazzil magazine.
It adds this is the sixth successive year of growth in both regions.
"According to the Eclac, up to 2007 the region grew with the support of a favourable economic conjecture, which was translated into greater export demand, boosted by the Chinese and Indian markets," the report detailed.
Meanwhile, it was reported by the ANBA last month that Brazilian property could be set to benefit from the country’s booming middle class as figures released by the Getulio Vargas Foundation show the group now accounts for 51.89 per cent of the country’s population.
