Brazil’s economy outperforms region
Brazilian property could benefit from the news that the nation’s economy should grow 4.8 per cent this year, it has been reported.
A study by the Economic Commission for Latin America and the Caribbean (Eclac) predicts Brazil is set to enjoy more growth than the rest of the region (4.7 per cent), according to the ANBA.
It adds the region should continue enjoying a period of sustainable economic growth for another five years.
Eclac also revealed an improvement in labour markets as the rate of unemployment has been falling since 2003 and is expected to reach 7.5 per cent by the end of 2008.
Meanwhile, it was reported by the news agency earlier in the month that Brazil’s export of cooperatives sector has enjoyed growth of 28.4 per cent so far this year.
Figures released by the Organisation of Brazilian Cooperatives revealed first-half revenues worth $1.86 billion (£900 million).
This could interest those considering Brazilian property as it hints at economic buoyancy in the nation.
