The Brazilian Economy - Officially the fastest growing BRIC Economy - Growth already at 6% this year 2010
BRIC - Brazil - Russia - India - China
THE BRAZIL OVERVIEW
• Fact: Brazil has reached “investment grade” because there has been an explosion in international investment in the country.
"Brazil’s economy is forecasted to grow 6.1% in 2010 according to Banco Bradesco, the country’s second-largest bank by market value, bolstered by rising domestic demand, increasing exports and higher investment...
...Growing imports, boosted by a stronger currency, have led economists to raise their 2010 estimates for seven consecutive weeks to 35.5 billion USD according to the same survey. So far this year the Brazilian currency Real has gained 33% against the US dollar and the benchmark Bovespa stock index, 77%". source: MercoPress News Agency May 2010
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