Brazil’s economy grows
In news which may be of interest to people considering buying Brazil property, the country’s government has announced that the economy grew significant in 2007.
The Associated Press (AP) reports that in 2007 the Brazilian economy grew by 5.4 per cent – a greater rate than economists surveyed by Dow Jones Newswires had predicted.
According to the news provider, the country’s Census Bureau noted that gross domestic product increased by 6.2 per cent during the fourth quarter of last year, compared with the corresponding period in 2006.
Responding to the report, the country’s president Luiz Inacio da Silva said "the results reflect confidence in the Brazilian people, business community, workers and society".
In further evidence of Brazilian’s growing economy, earlier this week the AP reported that automobile manufacturers in the country are planning to invest a further $4.9 billion in 2008.
The Brazilian Motor Vehicle Manufacturers Association said that this had been prompted by growing demand.
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