Brazil’s global rise is down to its economic achievements
Brazil’s ’stellar’ performance in the financial markets recently is due to its considerable macro-economic achievements, according to one industry expert.
Resident fellow at the American Enterprise Institute in Washington, Desmond Lachman, explained in the Latin Business Chronicle this week how Brazil has managed to weather the financial turmoil in the US lending markets so far.
Lachman attributes China’s "seemingly insatiable appetite" for iron, coupled with steel exports, as markets which are helping Brazil to grow economically.
This may be good news for those considering investing in Brazil’s property market, as a burgeoning economy may have a positive effect on house prices and rentals in the nation.
In related news, Brazil’s civil aviation secretary at the ministry of defence, Brigadier Jorge Godinho Nery, announced plans this month to improve the country’s aviation infrastructure so that it can cater for growth in exports and tourism.
He said: "The government is working to harmonise the entire airport infrastructure and the increased demand, so that we may have an installed airport infrastructure capable of catering to that demand."
In 2005, the Brazilian government launched its Aquarela Plan, which aims to increase the number of international tourists visiting the Latin American country from 5.5 million to 7.9 million a year by 2010.
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