Brazil Property Investment News

Economy grows in Brazil

Economy grows in Brazil

Government figures have revealed that Brazil has continued to see growth in its economy.

According to official statistics, the South American country's GDP rose by 5.4 per cent last year.

This means that the rate of economic growth in Brazil is getting higher, as the increase was just 3.8 per cent 12 months earlier.

As well as being higher than the amount recorded in 2006, it is also above many economists' predictions.

The high rate of economic expansion was attributed to numerous factors, including increased levels of consumer spending and business investment.

Lower interest rates and greater demand for property in Brazil were also said to have driven growth in the economy last year.

This comes after Amberlamb said the strength of the country's economy is allowing it to perform well in the face of global financial problems.

According to the organisation, Brazil's economy - fuelled by foreign direct investment - is now very stable and strong.

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