Source: The Telegraph
They call it the samba surge. Once described as the perpetual country of the future, Brazil is finally fulfilling its promise.
South America’s largest nation has overtaken the UK as the world’s sixth-largest economy, it expects to follow last year’s 7pc GDP growth with a 4pc advance this year and similar growth in the next few years, and is basking in an anticipated oil windfall of up to 90bn barrels.
The fifth-largest country in the world, with GDP per head that is greater than either India or China, Brazil increased its inflow of foreign direct investment by 87pc to $48bn (£30bn) in 2010 alone, putting the nation fifth in the world rankings of capital inflows.
To read the full article, please click on the following link: http://www.telegraph.co.uk/finance/globalbusiness/9261508/Brazils-samba-economy-will-keep-on-dancing.html