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Brazil has broken free the shackles of the recent global crisis and has emerged much stronger, both on financial strength and outlook. The World Bank is estimating that Brazil's economy will be the fifth largest in the world by 2016. Analysts at Credit Suisse are predicting that the nation's economy will be flat at 0.2% this year (2009) and will expand at a 5% rate in 2010. In addition, bond ratings agency Moody's (NYSE: MCO) upgraded Brazil's credit rating to investment grade status, after the nation built up its foreign reserves and increased its GDP growth rate for the first quarter by 1.9%.
More recently, several short-term catalysts for Brazil's long-term success have come to fruition
The South American leader has been selected to host the 2014 FIFA World Cup and the 2016 Summer Olympics. A combination of these two major international sporting events will spark an infrastructure spending spree. Brazil already has plans in place to invest $11 billion to host the 2016 Olympics. In a study by Brazil's Ministry of Sports, these two sporting events could bring in nearly $51 billion into Brazil's economy through 2027 and add approximately 120,000 jobs annually through 2016.
So it's a good time to invest in Brazil
We can see the market already starting to pick up and over the next few years we expect some real growth in real estate, this area of brazil in the north east coast in rio grande do norte is set to be at the front of this property boom and as we live here so will are set to move quickly when the opportunities arise |