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Brazil's economy 'has been protected'

Brazil's economy 'has been protected'

The Brazilian economy has been "protected" from the global credit crunch, which has affected other countries around the world.

That is the opinion of the country's finance minister Guido Mantega, who suggested recently that the country is currently in a positive position, according to Xinhua.

Mr Mantega indicated that analysts "are unanimous" in proclaiming Brazil to be a country where "things are going well".

It is a nation "where companies and banks are solid", he reportedly said.

"We are on solid bases. We have reserves of $195 billion (£96.69 billion) and there is great trust in the Brazilian economy," the finance minister added.

This week, the Latin Business Chronicle also highlighted some good news emanating from the South American country, which may mean it is the right time to buy an investment property in Brazil.

According to the publication, Brazil's economy has grown in such a way over the last few years that its real estate market has recorded growth throughout the decade since 2001.

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