2 commentsOctober 12, 2010
Hi, just curious if the Brazilian economy is still booming…what kind of investments do you recommend to your clients?
2 Responses to “Is Brazil’s economy still booming?”
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Brazil’s economy is still growing non-stop. Aside the fact that our own real estate bubble may be developing, all indicators point to a growing economy. The PT party has implemented wise policies, including bold steps to avoid currency fluctuations, excessive risk taken by the banks, and reducing consuming when necessary.
That’s from Wikipedia…”Brazil is one of the fastest-growing major economies in the world with an average annual GDP growth rate of over 5 percent. In Brazilian reais, its GDP was estimated at R$ 3.143 trillion in 2009. The Brazilian economy has been predicted to become one of the five largest economies in the world in the decades to come.”