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Brazil Property News: Brazil's economy expected to 'boom'
21st May 2008 04:23
Brazil's economy growth forecast has been expanded by the country's central bank, it has been reported.
Market analysts have increased the Latin American nation's projected economic growth from 4.66 per cent to 4.69 per cent this year, according to the Central Bank of Brazil's Focus bulletin.
It reveals that expectations for the entry of foreign direct investment have also risen by $1 billion (£500 million) to $32 billion, reports ABNA.
However for next year, the forecast of $30 billion has been upheld.
People considering buying property in Brazil could be interested to hear that the nation's economy is booming as its shows financial buoyancy in the Latin American nation.
It was predicted earlier in the year that while the US were busy denying rumours that the nation faces a recession, Brazil's economy would grow at a quicker rate than first expected.
Economic expert Alexandre Schwartsman told Bloomberg it was a "very healthy situation".
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