FDI continues to grow
Those considering property for sale in Brazil could be interested to hear foreign direct investment (FDI) has grown in the nation, it has been reported.
Figures released by the Brazilian Central Bank reveal FDI for the first 23 days of September totalled some $5.250 billion (£2.7 billion), according to Brazzil Magazine.
The bank forecasts the month’s total figure to rise to $5.8 billion.
According to the head of the Central Bank’s economics department, expansion of FDI in the country is taking place "even amidst the international crisis".
Speaking to the publication, Altamir Lopes claimed this is because Brazil is "in order" and its macroeconomic indicators are stable".
The central bank has maintained its prediction for FDI to reach $35 billion during the course of 2008.
Meanwhile, in other news which could be of interest to Brazilian property investors Agencia Brasil reports earlier in them month that figures released by the General Register of Employees and Unemployed found the nation had created an increasing number of jobs in August compared to the same time in 2007.
