Brazil’s economy is ‘calm in the storm’
Despite economic instability in the US and particular Latin American markets, Brazil has weathered the storm with minimum impact, according to new reports.
Brazil "remains the most attractive destination for investors", owing to its GDP which is expected to grow by five per cent this year and at least another five per cent next year, reports CNN Money.
Economist Alfredo Coutino told the publication: "Strong domestic demand is the main engine of growth, supported by falling interest rates, improving labour conditions and price stability.
"We do not foresee any major inflation problems in the short or medium term, since monetary and fiscal disciplines are expected to be maintained."
Brazil’s Bovespa index rose by 1.2 per cent last week, whereas counterpart Latin American country Mexico saw a decline in its stock exchange.
The economic situation in Brazil has received a boost this week as it has been reported that an oil field has been discovered 160 miles off the coast of Rio de Janeiro, which could increase the total volume of oil in Brazil by 40 per cent.
For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
