Could investment in Brazil rise on growth forecasts?
Date added: 5th October, 2010 at 09:39
(view all articles from October, 2010)
Categories: Economy
Those considering investment in Brazil may be interested to know the Brazilian Central Bank has lifted its forecast for economic expansion.
A survey of 100 economists by the institution found many expect gross domestic product will grow at a rate of 7.55 per cent by the end of 2010.
For 2011, the respondents see expansion at 4.5 per cent, the same as has been previously forecast.
They also believe inflation will be higher by the end of December, at 5.07 per cent, but suggest it would fall again to 4.92 per cent in 2011.
The specialists have revised upwards their growth projections for 2010 from 7.53 per cent posted in last week's survey.
Meanwhile, they see interest rates remaining the same at 10.75 per cent by the end of the year.
Growth in the economy may be positive news for those seeking investment opportunities in Brazil, as Jason Cimpl recently wrote on the Daily Profit Blog of Wyatt Investment Research that Brazilian property is profiting from the increasing wealth of the country's population.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for investment in Brazil.
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