Brazil posts 'impressive' economic figures, says WSJ
Date added: 6th January, 2010 at 10:46
(view all articles from January, 2010)
Categories: Economy
Foreign investment in Brazil helped the nation to post impressive financial results in 2009 despite the effects of the recession.
The Latin American country's economy contracted by around 0.2 per cent over the last 12 months, the Wall Street Journal (WSJ) reported, compared with other major markets which suffered much greater losses.
For instance, the US shrank by 2.5 per cent while the EU fell by four per cent over the same period.
According to the news provider, Brazil's success in 2009 could be attributed to "the resilience of its domestic market and steady foreign demand for its commodities, especially from China".
Individuals and companies looking to make an investment in Brazil could be further buoyed by analyst predictions that its GDP will grow by between five and 6.5 per cent this year.
Planning minister Paulo Bernardo recently told state TV channel EBC that he expected GDP to expand by 5.8 per cent, Dow Jones news wire reported.
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