Brazil Property News: Brazil GDP growth expected at 4.5%




28th August 2007 01:10


Brazil is expected to record GDP growth of 4.5 per cent, the country's minister of finance has revealed.

Guido Mantega told reporters that the current global stock market instabilities are not set to affect Brazilian growth this year.

He said: "I believe that this international financial turbulence has not finished yet. However, it has a very small repercussion in Brazil.

"It will not interfere with economic growth, which may reach some 4.5 per cent this year."

He added that the government's policy of targeting inflation would continue and the sub-prime crisis hitting world markets would not result in interest rate rises in Brazil.

Meanwhile, Brazil's Central Bank President Henrique Meirelles has echoed Mr Manteg's sentiments and predicts that GDP growth for Brazil should hit 4.7 per cent, unaffected by market instabilities.

He said: "At the moment, there are no indications that there could be a revision on the (growth) figure."

In 2006, Brazilian GDP growth was at 3.7 per cent.


Related News



News Archive


How to invest in Brazilian property

When it comes to property investment, the early bird really does catch the worm.


uv10s web site is designed to help and will provide you with the following invaluable information:



To know more, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.



Share & save this story: 
Digg iconDelicious iconReddit iconFark iconYahoo! iconNewsvine! icon

  Subscribe in a news reader

Subscribe to Brazil Real Estate & Property News by Email



Name:
Email:
Phone:
Your message: