Excellent Quarter For Brazilian Investment by Obelisk International News
The 1.3% growth for the first three months of this year came as no surprise to analysts who continue to predict a healthy 4% for Brazil’s annual GDP. The fastest-growing sectors over the last quarter were Brazilian agriculture with a quarterly gain of 3.3%, followed by industry with 2.2%.
Year-on-year figures show a 6.2% increase in Brazil’s GDP. Top performing sectors over the last year include industry (7.4%) and services (4.9%). Within industry, mineral extraction and civil construction were the largest growing sub-sectors since Q1 2010.
Civil construction grew by 9.2% in the year to April 2011. This huge increase was driven by intense activity in the Brazilian real estate market, particularly within the social housing programme, Minha Casa Minha Vida. The building and upgrading of infrastructure for the 2014 World Cup and 2016 Olympics is also another factor behind the rise in construction in Brazil.
Big Investment in Brazil
As well as strong internal demand, the last year has seen big investment in Brazil. Brazilian family spending grew by 6.4% over the last 12 months, reflecting the rise in employment and wages. Strong household consumption is a major attraction for multinationals investing in Brazil.
In terms of Brazilian investment spending, figures increased by 8.8%. According to the Brazilian Statistical Agency (IBGE), this was due to the expansion of imports and the rise in manufacturing.
For government and Central Bank analysts, the latest quarterly figures show that GDP growth is steady. Quoted by Bloomberg, the President of Brazil’s Central Bank, Alexandre Tombini said that the Brazilian economy was now expanding at “a rhythm that is more consistent with internal and external equilibrium”.
Q1’s steady economic growth shows that government measures to rein in inflation are working. The policies of tightening public spending and raising interest rates are set to continue at least until the end of this year to allow Brazil to keep inflation under control.
For Obelisk International, the latest economic figures reiterate Brazil’s potential as an investment destination. Steady and controlled growth is an essential ingredient for successful investment anywhere and Brazil is showing every sign of a maturing market. Obelisk International believes this confirms the excellent future for Brazilian investments.
About Obelisk International: Obelisk International offers select investment opportunities in Brazil in a range of sectors such as residential real estate, construction and social housing. Obelisk gives investors security, profitability and diversity thanks to a combination of close attention to our clients' investment requirements and high quality in-house research and analysis.
For more information on Brazilian investments and to find out about Obelisk International’s latest opportunities for investment in Brazil, contact us on 0034 952 820 319. Via email: firstname.lastname@example.org or visit our website: www.obeliskinternational.com. Follow us on Twitter – Obelisk International and Facebook.
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