Brazilian FDI is set to reach $35bn
Friday, September 12, 2008
Overseas investors considering buying property in Brazil could be interested to hear that foreign investment in Brazil has continued to soar, according to reports.
ANBA has reported that foreign direct investment (FDI) for the first seven months of 2008 has reached $19.94 billion and the amount of FDI in Brazil totaled $3.24 billion in July alone, showing a considerable growth per cent from the same time last year. The expectation for the entry of foreign direct investment this year is expected to $35 billion and FDI in 2007 was twice that of 2006. According to a report released by the Central Bank of Brazil, the services sector had received the largest volume of funds which suggests that tourism in Brazil is booming.
Altamir Lopes, the head of the economic department at the Central Bank said that Brazilian property sector is in a healthy state and one of the key contributors of the rising FDI. Meanwhile, the central bank's predicts Brazil's economy will prosper further as it increased its projected economic growth from 4.66 per cent to 4.69 per cent. This suggests that the country's booming economy is more competitive and the financial buoyancy will continue in the future.
The FedEx economist Kellie Maske tipped Brazil as one of the "most dynamic" economies for growth potential and despite the "huge economic growth" currently underway in the nation property prices there still remain low.
This comes after the news that Standard & Poor ratings have placed the country in a group that presents low risk to investors.
Social BookmarkingANBA has reported that foreign direct investment (FDI) for the first seven months of 2008 has reached $19.94 billion and the amount of FDI in Brazil totaled $3.24 billion in July alone, showing a considerable growth per cent from the same time last year. The expectation for the entry of foreign direct investment this year is expected to $35 billion and FDI in 2007 was twice that of 2006. According to a report released by the Central Bank of Brazil, the services sector had received the largest volume of funds which suggests that tourism in Brazil is booming.
Altamir Lopes, the head of the economic department at the Central Bank said that Brazilian property sector is in a healthy state and one of the key contributors of the rising FDI. Meanwhile, the central bank's predicts Brazil's economy will prosper further as it increased its projected economic growth from 4.66 per cent to 4.69 per cent. This suggests that the country's booming economy is more competitive and the financial buoyancy will continue in the future.
The FedEx economist Kellie Maske tipped Brazil as one of the "most dynamic" economies for growth potential and despite the "huge economic growth" currently underway in the nation property prices there still remain low.
This comes after the news that Standard & Poor ratings have placed the country in a group that presents low risk to investors.
Labels: Economy, Market-Trends, Property-prices
