Brazil set for place at the economic top table

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Brazil’s Finance Minister has suggested that the South American country is primed to overtake France and become the world’s fifth largest economy within the next few years.

Guido Matega has boasted that Brazil will continue to outpace European countries in terms of economic growth going forward.

Brazilian GDP grew by an average of 4.5% per year between 2003 and 2010, offering a stark contrast to the stuttering Euro-zone.

“The International Monetary Fund Expects Brazil will be the (world’s) fifth economy in 2015, but I believe it will happen earlier,” boasted Matega.

The country has also been at the centre of positive interest from global property investors recently.

Liam Bailey, a Research Director at the property agency Knight Frank, stated that currently “US and Latin American investors predominate. But we expect the origin of investors diversify in the next five years particularly given Brazil is to be the host country for the 2014 soccer world cup and the 2016 Olympics, placing it firmly in the spotlight.”

The Olympic budget alone is said to be around $15 billion.

But Brazil isn’t the only country on a steady upward curve. South America as a whole is attracting praise for its gradual climb towards economic stability, pointing towards as bright future for the continent as a whole.

The argument for investing in Brazilian property is a compelling one and the steady economic growth is helping to underpin confidence in the county. The Brazilian future certainly looks bright.

Transfer Money to Brazil

If you are looking to invest in Brazil, think carefully about how you will be transferring money to Brazil. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are sending money to Brazil – which you will inevitably have to do if you are looking to make a property investment, be sure to compare the market before you buy your overseas currency.

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