Brazil tipped for investment potential in 2010
Date added: 1st February, 2010 at 09:58
(view all articles from February, 2010)
Categories: Economy
A financial expert has said this year could be the ideal time to make an investment in Brazil.
Mark Mobius, executive chairman of US-based Templeton Asset Management, tipped the Latin American country to be one of the safest to invest in this year.
As it produces a lot of its own fuel and food, it is a better option to consider making an investment in Brazil and other countries with growing economies than in more developed areas, Mr Mobius added.
He said: "Given all the economic factors things are looking up for these countries - GDP growth is higher - four times that of western countries, foreign reserves are high and they have low debt."
Mr Mobius added that the reliance of established economies on importing goods from countries such as China made them a more volatile environment for investors.
Engineering data company Aveva recently announced it planned to make an investment in Brazil by expanding its offices to take advantage of the country's oil and gas resources.
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