Brazil's international credibility boosted by its fiscal discipline
Wednesday, February 4, 2009
Overseas investors looking for property in Brazil may be interested to learn that the country's sound financial system and its status as a creditor will help it to boost its international credibility, according to an industry expert.
Carlos Caicedo, writing for the Latin Business Chronicle said that the nation has a growing economy despite the global credit crisis and recession. He added that the commodity boom as well as the expansion of the country's middle class and its rising purchasing power is responsible for stronger economic growth. Overseas investors are attracted to property in Brazil because of the booming economy, low prices and large volume of new-builds.
Andre Loes, chief ecomomist at HSBC Brazil told that the country has improved its economy from the 1990s when it had a weak balance of payments, Washington post reports.
He also said that the government established an inflation-targeting regime in the late 1990s and early 2000s and approved a fiscal expenditure law. The state could only rise spending if it raised taxes. According to BuyAssociation, the country's economy has been performing well recently and that the Brazilian government has taken steps to make sure it is in a good position compared to other countries economies.
In related news, a consensus between analysts in the field of Latin American finances have that Brazil is likely to have the strongest fiscal environment on the continent, Property Abroad states.
Social BookmarkingCarlos Caicedo, writing for the Latin Business Chronicle said that the nation has a growing economy despite the global credit crisis and recession. He added that the commodity boom as well as the expansion of the country's middle class and its rising purchasing power is responsible for stronger economic growth. Overseas investors are attracted to property in Brazil because of the booming economy, low prices and large volume of new-builds.
Andre Loes, chief ecomomist at HSBC Brazil told that the country has improved its economy from the 1990s when it had a weak balance of payments, Washington post reports.
He also said that the government established an inflation-targeting regime in the late 1990s and early 2000s and approved a fiscal expenditure law. The state could only rise spending if it raised taxes. According to BuyAssociation, the country's economy has been performing well recently and that the Brazilian government has taken steps to make sure it is in a good position compared to other countries economies.
In related news, a consensus between analysts in the field of Latin American finances have that Brazil is likely to have the strongest fiscal environment on the continent, Property Abroad states.
Labels: Economy, Latest-News
