Investment in property in Brazil 'boosts employment rates'
Date added: 8th June, 2010 at 14:37
(view all articles from June, 2010)
Categories: Property News
Investment in property in Brazil such as hotels and apartments has increased employment rates in the country, one organisation has said.
According to the latest Manpower Employment Outlook Survey, global employer optimism is increasing, with stronger hiring intentions in 30 out of 36 nations and territories compared with last year.
As many as 31 countries are expecting to see more growth in recruitment in the near future, with the best job prospects seen in Brazil among other emerging economies.
Jeffrey Joerres, chairman and chief executive of Manpower, commented: "Renewed foreign direct investment in Brazil is likely responsible for positive hiring sentiment in South America's largest economy."
Higher employment may also be attracting overseas speculation as incomes rise and the population becomes increasingly socially mobile and a middle class demographic emerges.
Director for Latin America at Moody's Economy.com Alfredo Coutino recently told the Wall Street Journal that stronger consumerism derived from higher salaries and better employment figures will drive investment in Brazil.
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