Carnival time for brazil

It’s party time for Brazil investors as the economy continues to soar…

Reports have shown that 2007 was a bumper year for the Brazilian economy, witnessing the greatest rise for 3 years to a growth of 5.4% GDP in a single year alone.  This rise has also highlighted certain areas of the Brazilian economy that are flying high, such as the agricultural industry that saw a rise of 5.3% in 2007 to make it the leading light in the country’s economy.

Industrial growth was not far behind, with a rise of 4.9% growth in this sector. These factors have meant that Brazil’s economy is fast growing into one that is more buoyant, with levels of unemployment dropping and in turn wages increasing. Borrowing costs are also lowering, meaning foreign investment is more supported and much more of a viable option for many.

All of this growth supports Goldman Sachs’ 2003 ‘BRIC’ theory which stated that Brazil (alongside Russia, India and China) may well jointly become the most dominant and thus powerful economies in the world by 2050.

Excellent time to invest

With substantial land coverage, 40% of the world’s population, and an emerging political embrace of global capitalism, these powers, according to Goldman Sachs, are set to grow stronger year on year.

With Guido Mantega, Brazil’s Finance Minister, suggesting that 2008 could see an equally large growth in economic figures of more then 5%; it is looking like an excellent time to invest in the country.

Steve Worboys Managing Director of Experience International, commented “Brazil is fast becoming a property hotspot, with a great deal to offer the foreign investor. With excellent rental potential, very good infrastructure and the country soon to be home to the world’s 5^th largest airport, Brazil is a firm place for overseas property investment and can only grow in coming years”.