Could new president affect investment in Brazil?
Date added: 1st November, 2010 at 09:11
(view all articles from November, 2010)
Categories: Economy
In news that may affect those considering investment in Brazil, the country elected a new leader yesterday (October 31st).
Dilma Rousseff of the Workers' Party won with 56 per cent of the vote, while Brazilian Social Democratic Party candidate Jose Serra came second with 44 per cent.
The new president was backed by her immediate predecessor Luiz Inacio Lula da Silva, who held office from 2002 until this year.
Lula, as he is commonly known, implemented market-friendly policies, which are credited with improving the country's economic stability and lifting millions out of poverty.
Hobert dos Santos, a Brazilian teacher, told the Associated Press he felt Rousseff would continue where her predecessor left off.
"Now we are certain that the country will continue in the right direction," he said. "Dilma will be able to ... continue improving many of the things Lula started."
Urban Larson, director of emerging equities and Latin America specialist at F&C Investment, argued earlier this month that those making an investment in Brazil had no grounds for concern over the election of a new leader in the nation.
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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