Brazil Property News: Brazil's economy to grow at a faster rate than predicted




28th March 2008 02:53


While financial experts in the US are busy denying rumours that the nation faces a recession, Brazil's Central Bank has revealed this week that it now expects the country's economy to grow faster than first expected.

Economic expert Alexandre Schwartsman told Bloomberg: "This is a very healthy situation … Brazil's overall lending is still very far behind other nations.

"We don't have any of the problems that have been affecting the US."

Yesterday the Central Bank increased its forecast that the country's gross domestic product (GDP) would growth at a rate of 4.5 per cent in 2008 to 4.8 per cent, reports Chinese news agency Xinhua.

Officials upped the percentage after figures released earlier in the month had shown Brazil's present GDP to be worth £749 billion in 2007 – a 5.4 per cent increase compared with the previous year.

Those considering buying property in Brazil may be encouraged by the news, which suggests an economic resilience in the Latin American nation.

In related news, it was revealed this week that sales generated from one of the most important events in Brazil's real estate calendar, Nordest Invest 2008, have exceeded all expectations.

For more information on Brazil property investment and to find out about uv10's latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com


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: