Could commercial investment in Brazil rise as economy grows steadily?
Date added: 3rd September, 2010 at 09:18
(view all articles from September, 2010)
Categories: Economy
Those seeking opportunities for commercial investment in Brazil may be interested to know economists predict the country's economy is now growing at a steady rate.
According to the Financial Times, finance minister Guido Mantega is set to release official figures later today.
Most economists predict an expansion of around seven per cent this year, the news provider stated, before dropping to about 4.5 per cent in 2011.
This is much slower than the 11.4 per cent growth it experienced in the first three months of 2010, which saw the country's central bank take moves to avoid overheating.
The institution yesterday announced it would hold the selic rate - the benchmark interest rate - at 10.75 per cent, the higher level introduced as part of its fiscal tightening policy.
Bertrand Delgado, senior analyst for Latin America at Roubini Global Economics in New York, told the information source Brazil's purchasing managers' index slipped in August to levels not seen in over a year.
"That's important because it shows you what's happening as well as what's coming up," he explained, forecasting annualised growth of 3.2 per cent.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for commercial investment in Brazil. 
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