ECOCITY BRASIL

NEWS ARTICLES AND RESEARCH

Brazil Job Market Continues to Impress

March 16th 2011

Can Brazil's record employment rate get any better? The Labor Ministry reported the creation of 280,799 last month. Beating the 209,425 posted last January. Before the numbers came out, the market was suggesting gains of 206,000.

What do the numbers mean? Other than the fact that Brazil is still hiring like mad, it means demand is still there. And demand for goods and services means inflation, which is already 6%, its highest in around 8 years.Last week, the Labor Ministry reported that the country's hiring frenzy is bringing in more workers ...more

Brazil poised to enter top five world economies

Friday, March 04, 2011

It is one of the world's fastest growing economies, and as the latest figures demonstrate, Brazil shows no signs of slowing down. While investment continued to flow into the country last year, the South American nation's economy grew by 7.5%, its fastest pace in 24 years, putting its current GDP at $2.1 trillion.

Brazilian Finance Minister Guido Mantega stated that further revision in World Bank and IMF figures was likely to push the country up two more spots. "If we consider prices and purchasing power, a ...more

Economy achieves highest growth in 25 years

4th March 2011

GDP figures for 2010 show Brazil has achieved the highest economic growth in 25 years and could place the country among the world's top five economies.

According to numbers released yesterday by the Brazilian Institute of Geography and Statistics (IBGE), the GDP at the Latin American powerhouse increased 7.5% last year, or R$ 3.67tr ($2.2tr), a record high since 1986.

Sectors such as agriculture and manufacturing industries played a large role in the increase, with yearly growth reaching 6.5% and 10.1% respectively.

Brazilian Finance Minister Guido Mantega was ...more

Brazil: An Attractive market for foreign investment, according to KPMG

Jan 27, 2011

Brazil remains an attractive market for foreign investment, especially for companies seeking to expand their customer base in the country and the surrounding region, according to a survey from KPMG LLP, the U.S. audit, tax and advisory firm.

Brazil has broken free the shackles of the recent global crisis and has emerged much stronger, both on financial strength and outlook. The World Bank is estimating that Brazil's economy will be the fifth largest in the world by 2016. In addition, bond ratings agency Moody's upgraded Brazil's ...more

Brazil is the best place to invest says Colordarcy

Overseas property investment advisor Colordarcy has named Brazil as its number one buying destination for 2011. According to Colordarcy director Loxley McKenzie it was a "toss up" between Brazil and Turkey as to which country came out as its best investment tip for next year. "Both have been completely stabilised," said McKenzie, "and reformed for the better by two terms of excellent governance. Both now have stable and rapidly growing economies, and both are seeing growing affluence in the population which will cause demand for housing to outstrip supply by a ...more

Latin America leads the world in business optimism says Grant Thornton survey

Latin America leads the world in business optimism says Grant Thornton survey.

Confidence levels over economic performance are higher in Latin America than any other part of the world as the region leads the way on business optimism into the New Year, according to the 2011 Grant Thornton International Business Report (IBR). 2011 is the first year Latin America has led the world on optimism.

Across Latin America, a balance of +75% of privately held business owners are optimistic about their region's economic performance in 2011. Elsewhere, ...more

Brazil To Be World's Fifth Economy By 2016, Predicts President Lula

December 16, 2010 17:33 PM

Brazil's outgoing president Lula da Silva forecast that Brazil would become the world's fifth economy by 2016.

In presenting a review of his eight years in office, he also underlined that under his administration combating hunger had become a "national cause" and for him a personal pride.

"If it depends on Dilma (Rousseff, the president-elect) and Guido (Mantega, Finance minister), we will become the fifth world economy by 2016 and we are going to conquer that gold medal", said Lula in direct reference to ...more

Why you should put your money in Brazil

By Lara Wozniak | 1 December 2010

You should invest in Brazil not just because the Bric country will host the World Cup and the Olympic Games within the next decade, but because its economic fundamentals are sound.

How is this for bullish? The Olympics in Brazil will be better than the Olympics in Beijing.Or so says Paolo Soares, Brazil's ambassador to Singapore and a panellist at yesterday's Brazil Investment Summit, hosted by FinanceAsia and AsianInvestor.Brazil will be the first country to host the football World Cup (2014) and the Olympic Games ...more

Brazil, Who Wouldn't Want to Own a Slice of It?

17.11.2010

Brazil, a truly vibrant culture from the dancing to the stunning beaches, to the hypnotic rhythms and gregarious living. Some would say Brazil is filled with the most beautiful land and people in the world, who wouldn't want to own a slice of it?In a world wide property market where investors are cautious, Brazil has been a stand out success story. This has been due to several factors including a strong natural economy that is not over reliant on tourism. Brazil has an abundance of natural resources, including oil, ...more

Brazil Economy May Grow 7.5% in 2010 Without Stoking Prices, Mantega Says

Oct 12, 2010

Brazil's economy may expand 7.5 percent this year, up from a previous forecast of 7 percent, as domestic demand ensures non-inflationary growth in coming years, Finance Minister Guido Mantega said. Mantega, who spoke to investors today in New York, said Brazil is experiencing a sustainable expansion and conditions are in place for 5.5 percent to 6 percent growth in the next four years regardless of how the U.S. economy performs. Mantega said he expects inflation of 5 percent to 5.2 percent this year. "Brazil is ...more

So Far, So Good for Brazil Leader

Sunday, November 7

SAO PAULO (Reuters) - Dilma Rousseff might as well be reading from a Wall Street script in her first few days as Brazil's president-elect. The left-leaning winner of Sunday's presidential election seems to have made assuaging investors' doubts her top priority as she promises in speeches and interviews to lower taxes, bring government spending under control and maintain the stability that has made Brazil's economic boom possible. In doing so, Rousseff has distanced herself from the more radical wing of her Workers Party and sounded every bit like the career ...more

Mon Nov 1

BRASILIA (AFP) - Dilma Rousseff, elected Brazil's first female president, started to map out plans Monday to govern for the next four years, in the shadow of her predecessor and mentor, Luiz Inacio Lula da Silva.Rousseff beat opposition rival Jose Serra, the former governor of Sao Paulo state, in Sunday's runoff to succeed Lula. She won 56 percent of the votes to Serra's 44 percent.That victory was due almost entirely to Lula, who campaigned tirelessly to put Rousseff in his seat.Despite popularity ratings over 80 percent, Lula was barred by law ...more

Wednesday, November 10

Brazil's state development bank BNDES on Wednesday said it opened a fund worth 1 billion reais ($588 million) that will finance projects to reduce deforestation associated with the nation's booming agricultural sector.The fund will provide low interest loans for rural businesses and cooperatives to invest in recovering degraded land or creating links between existing forests and land used for agriculture, the bank said in a statement.The project is part of a broader plan for Brazil to reduce its carbon dioxide emissions, which currently come mostly from deforestation, by as much ...more

Brazil's Petrobras, Partners Sign $3.5 Billion Oil Platform Deal

November 11, 2010

SAO PAULO -(Dow Jones)- Brazilian state-controlled oil company Petrobras (PBR, PETR4.BR), and three minority partners in offshore oil development projects, on Thursday announced a $3.5 billion deal with Brazilian engineering company Engevix to build eight production vessels. Engevix Engenharia SA will build eight floating production, storage and offloading vessels at a site in the southern Brazilian state of Rio Grande do Sul. They will be used in development of huge offshore reserves known as the pre-salt region. Petrobras will use the eight vessels in conjunction with three ...more

Brazil to become seventh largest economy

20 Oct 2010

According to recent data from a report by the International Monetary Fund (IMF) Brazil is expected to surpass Italy in 2011 as the seventh largest economy in the world, will likely keep that rank until at least 2015.

Brazil's current economy makes it already larger than both Russia and India, with a GDP of US$2 trillion, and along with China they are grouped in the so-called "BRIC" group of major emerging market players, and the IMF predicts that Brazil's GDP will likely grow to US$2.2 trillion next year, and will ...more

Brazil: The Booming BRIC

"Brazil is the country of the future... and always will be," observed a wry Charles de Gaulle about Latin America's largest economy. When Goldman Sachs predicted that Brazil was to become a leading global power by 2050 as one of the fast-growth "BRIC" economies, some foreign investors were rightfully skeptical. But if anything, that timetable has accelerated. Today, Brazil is set to take over France and the United Kingdom as the world's fifth-largest economy as early as 2025. And with Rio de Janeiro having recently won the right to host the Olympics in 2016, expect to ...more

The State of Piaui

Imagine 66 km of sun-drenched coastline. Imagine white dunes, lines of coconut trees and an ocean of warm water. Imagine a temperature never below 24º C (75 F.), with 3,000 hours of sunshine a year. Imagine a constant breeze cooling the sunny day and lifting sails to windsurf and kite surf competitions. We are talking about the State of Piauí; Located in the Northeast region of Brazil, Piauí is full of enchantment and hospitable people. Many foreigners, from all over the world, are just now discovering Parnaíba and the State of Piauí.Along with the glorious permanent ...more

Why Brazil stands out

 August 2010Brazil is on fire these days, and it's not just on the soccer pitch. The country's economy is surging at its fastest pace in nearly 15 years, unemployment has fallen to levels not seen in a decade and Brazil's central bank is ratcheting up interest rates to tamp down inflation. Last night, the Banco Central do Brasil raised its key benchmark rate three-quarters of a percentage point, to 10.25 per cent -- the second such increase since April. The economy expanded by a whopping 9 per cent in the first quarter from a year ...more

Brazilian real estate: Economy will keep growing

 A Nobel Prize-winning economist has told investors in Brazilian real estate that the Latin American country's economy is poised for increasing growth and development.

David Wessel, blogging for the Wall Street Journal, reported that Michael Spence said Brazil had learned the lessons of the 1997-98 financial turmoil and strengthened its defences against the most recent global recession.

He added that the country's economic managers displayed "a high degree of competence" and the central bank had reacted speedily to shore up financial structures.

Mr Spence said: "Is this sustainable? Will [Brazil] keep growing? I ...more

Brazil on the Verge of Surpassing Italy to Become World's 7th Largest Economy

15th October 2010

The economy of Brazil will likely be larger than that of Italy next year, according to the latest data from the International Monetary Fund (IMF). Brazil is already the 8th-largest economy in the world and will likely become the 7th-largest next year, according to a Latin Business Chronicle analysis of the IMF projections.It will keep that rank through 2015, IMF forecasts show.Brazil's current size makes it larger than both Russia and India. Along with China they are grouped in the so called BRIC group ...more

Brazil Analysts Raise 2010 Growth Forecast to 7.34%

Sept. 6 2010

Analysts covering Brazil's economy raised their forecast for gross domestic product growth this year to 7.34 percent, according to a central bank survey.

Economists held their 2011 economic growth forecast unchanged at 4.5 percent, according to the median estimate in a survey of 100 analysts taken Sept. 3 and published today. Last week, the analysts predicted 2010 expansion of 7.09 percent.

Analysts raised their outlook for annual inflation, as measured by the benchmark IPCA index, to 5.03 percent, from 4.99 percent a week earlier. The forecast exceeds the ...more

Brazilian Economy Grows as Trade With China Increases

06 September 2010Unlike many other nations that saw their economies shrink during the global recession, Brazil emerged relatively unscathed. And according to government figures there, Brazil will see a seven percent increase this year. Some analysts say this growth has been fueled by increased exports to China, now Brazil's largest trading partner. Brazil made it through the global economic crisis relatively unaffected for two reasons, says Sergio Amaral, a long time official in Brazil's foreign ministry. He says one is because of government loans that kept domestic production levels ...more

Brazil grows robustly, inflation in check-Mantega

Thu Jun 17, 2010 11:15am EDT

* Economy to grow 6-6.5 pct for rest of 2010-Mantega* Inflation rate will fall within govt target by year-end

(Updates with more comments and context)

BRASILIA, June 17 (Reuters) - Brazil's economy will grow solidly in 2010, but a slowdown from the first quarter will allow the government to bring inflation back to target by year-end, Finance Minister Guido Mantega said on Thursday.

Latin America's largest economy grew a massive 9 percent year on year in the first quarter of 2010 and will grow between 6 and 6.5 ...more

Morgan Stanley Raises Growth Outlook for ‘Booming' Brazil GDP

June 14, 2010, 11:07 AM EDTJune 14 (Bloomberg) - Morgan Stanley raised its growth outlook for Brazil's economy this year after the government reported stronger than expected first quarter growth.

Morgan Stanley expects Latin America's biggest economy to expand 7.9 percent this year compared with a previous forecast of 6.8 percent, Marcelo Carvalho, Morgan Stanley's chief economist in Sao Paulo, wrote in an emailed report today.

"The math changes, although our view ahead does not: Brazil's economy is booming," Carvalho wrote.

Brazil's economy is growing at a Chinese-like pace, with the ...more

Good news for property investors in Brazil as economy continues to grow

www.fly2-let.co.uk

June 12 2010

Owners of holiday homes in Brazil should soon be reaping the benefits of increasing consumer confidence and more job opportunities as analysts suggest 2010 is likely to be a better year for the country's economy.

People looking to invest in Brazilian property in the future also have reason to smile as new real estate rental laws have made things much simpler for fly to let property investors and landlords.Brazil was one of the first nations to officially emerge from recession; with latest ...more

Brazil World Cup Preparations on Track, Minister Says

June 15, 2010, 10:07 AM EDTBy Nicky Smith

June 15 (Bloomberg) -- Brazil is on track with its preparations for hosting the 2014 soccer World Cup amid concerns that deadlines may not be met, according to the South American nation's Tourism Minister Luiz Barretto.

"There's always anxiety about the World Cup" and soccer's governing body, FIFA, "gets very anxious," he said in an interview in Johannesburg today. "They had the same attitude towards Germany and the same here" in South Africa. "FIFA set deadlines for the 12 stadia and all the ...more

Brazil Economy to Expand 7.7% in 2010, RBC Capital Markets Says

June 15, 2010, 12:37 PM EDT

By Veronica Espinosa

June 15 (Bloomberg) -- RBC Capital Markets increased Brazil's economic growth outlook for 2010 to 7.7 percent from 6 percent after a "solid start" this year.

The nation's statistic agency said June 8 that Latin America's largest economy grew 9 percent in the first quarter from a year earlier, the fastest annual rate since 1995, and 2.7 percent from the previous quarter, "giving 2010 a solid start," Nick Chamie, head of emerging-markets research at RBC, said in an e-mailed ...more

2010-06-09 09:33:01

Special Report: Global Financial Crisis

RIO DE JANEIRO, June 8 (Xinhua) -- Brazil's gross domestic product reached 826.4 billion reais (441.45 billion U.S. dollars) in the first quarter of 2010, up 9 percent year-on-year.

Releasing the figure on Tuesday, the Brazilian Institute of Geography and Statistics (IBGE) said it was the country's highest quarterly GDP growth since the institute started reporting GDP figures in 1995.

It also marked GDP expansion for four consecutive quarters, and sent a clear signal that the Brazilian economy's recovery from the international financial crisis ...more

IBM To Open Research Lab In Brazil

June 9th Wall Street Journal

By SPENCER E. ANTE And NATHAN BECKER

In a move that underscores the growing importance of emerging markets and the globalization of innovation, International Business Machines Corp. said it will open a research laboratory in Brazil with the cooperation of the country's government.

The lab, which will help IBM to develop technology systems around natural resource development and large-scale events such as the Olympics, is IBM's ninth research lab and the first in South America. It's also the first new IBM research lab in ...more

Why Beer Can Shortage Means Meirelles Will Boost Brazilian Rate

June 08, 2010, 12:43 AM EDT

By Carla Simoes and Iuri Dantas

June 8 (Bloomberg) -- Brazil is running out of beer cans and farmers are leaving crops in the field as surging demand and Chinese-like growth leads to shortages in Latin America's biggest economy.

Cia de Bebidas das Americas, the region's largest brewer, had to import beer cans for the first time in its 125-year history after local supplies were exhausted. Acucar Guarani SA, the country's third-biggest sugar producer by market value, left 10 percent of its crop ...more

Brazil economic growth surges in first quarter

The Associated Press June 8, 2010, 8:22AM ET

SAO PAULO

Brazil's government says Latin America's largest economy surged in the first quarter on strong domestic demand in the nation of more than 190 million.

The IBGE government statistics agency says the economy grew 9 percent in the January-March period compared to the same quarter last year.

Brazil is bouncing back strongly from the global economic meltdown. Economists and the government predict Brazil's economy could expand 6 percent this year following a slight contraction for 2009.

The IBGE said Tuesday that annual growth ...more

GM to invest $384.6 mln more in Brazil factories

Mon May 31, 2010 4:20pm EDT

* Additional funds to go to plant in Sao Paulo state* Part of long-term plan to increase capacity* Total investment to reach 5 billion reais through 2012

SAO PAULO, May 31 (Reuters) - General Motors [GM.UL] will invest an additional 700 million reais ($384.62 million) to modernize and boost production at a plant in Brazil, one of the world's largest auto markets, the company said on Monday.

The investment will be used to renew the current line of production at the Sao Caetano do Sul ...more

Zell Sees Bargain in Brazil Property on Strong Growth

May 31, 2010, 5:14 PM EDT

By Alexander Ragir

May 31 (Bloomberg) -- Gafisa SA, Brazil's second-biggest homebuilder by revenue, is trading at the lowest level relative to earnings in 14 months after the shares slid 24 percent this year. Guilherme Reboucas, a money manager at Itau Unibanco Holding SA, said the stock is too cheap to pass up.

"There have been times when you had to look at the smaller homebuilders to find value, but now you can basically buy anything in the sector -- Gafisa, Cyrela -- ...more

Brazil stocks, real firm on jobs, euro fears easing

SAO PAULO

Thu May 27, 2010 12:38pm EDT

SAO PAULO May 27 (Reuters) - A surprise drop in Brazil's unemployment rate helped lure investors back to Latin America's largest economy on Thursday, boosting local shares to their highest trading levels in over a week.

At the same time, fears over the euro zone debt crisis, which has prompted a stampede out of riskier assets in recent weeks, subsided after China denied a report that it was reviewing its euro zone sovereign bond holdings.

Unemployment in Brazil unexpectedly fell in April to ...more

Brazil Real Estate Report Q3 2010

www.marketpublishers.com

Over much of the last decade, Brazil's economy has been operating in a virtuous circle that has involved lower risk premia, lower interest rates, a stronger currency, lower inflationary pressures and improved economic fundamentals. This should continue to be the case. Business Monitor International expects that Brazil's economy should expand by around 5% in 2010 and by 4% a year between 2011 and 2014.

Over the recent past some commentators have focused on opportunities for the economy that have arisen because of the awards of the 2014 FIFA World Cup and ...more

Meirelles ‘Confident' Brazil Inflation to Meet Target

May 27, 2010, 4:58 PM EDT

By Michael Patterson and Laura Price

May 27 (Bloomberg) -- Henrique Meirelles, Brazil's longest serving head of the central bank, said he's "confident" inflation will meet the nation's target because the country has already started raising interest rates.

Brazil is seeing "some decline" in exports to Europe as the region's indebted nations struggle to cut budget deficits, Meirelles said in an interview with Bloomberg Television today. The central bank will update its forecasts for economic growth next month, he said at Bloomberg's London office.

Policy makers ...more

Zell's Firm Raising $500 Million to Invest in Brazil Property

By Alexander Cuadros

May 20 (Bloomberg)

Billionaire investor Sam Zell's Equity International is seeking to raise about $500 million to step up investment in Brazilian real estate, betting interest rate increases will fail to stem demand as the economy grows at the fastest pace in two decades.

The firm will invest as much as two-thirds of the money in Brazilian companies tied to the residential and commercial property industries and the rest in countries outside the U.S., Chief Executive Officer Gary Garrabrant said. The new funds will ...more

Brazil Can Grow Without Causing Bubble, Mantega Says

April 22, 2010

By Andre Soliani Costa and Adriana Brasileiro

April 22 (Bloomberg) -- Brazil's economy can grow without spurring out-of-control inflation and with no risk of a bubble in financial markets, Finance Minister Guido Mantega said.

"The economy is growing at 5 percent to 5.5 percent, so it's an economy that is heated, not overheated," Mantega told reporters in Washington today. "There is no risk of a bubble in Brazil."

Brazil's $1.6 trillion economy will expand 5.8 percent in 2010 as domestic demand and investment fuel output, according to ...more

Viewpoint: Brazil's growing international presence

Monday, 24 May 2010 11:41 UK

The Brazilian government's recent mediation efforts to persuade Iran to sign a deal on enriching uranium as a way of allaying suspicions about its nuclear programme highlighted Brazil's ambition to project its influence beyond South America.

Rubens Barbosa, former Brazilian ambassador to the US and the UK, offers his views on his country's growing international presence:

The world has undergone major political and economic changes in recent years. The era of US unilateralism has ended and new centres of power have emerged, a transformation accelerated by the ...more

For Brazil, It's Finally Tomorrow

How the country of the future has at last made it-and what remains to be done

MARCH 29, 2010

By PAULO PRADA

For the past century, Brazil has been a land of great potential-but few results. With runaway inflation and stratospheric national debt, the country was too much of a mess for anyone to take it seriously on the world stage.

How times have changed.

Consider this: In the face of the worst global economic crisis since the Great Depression, Brazil's economic output dipped a tiny 0.2% last year, and is expected to grow ...more

Property For Sale in Brazil

Les Calvert March 20th

Come to think of Brazil, and you'll immediately get transported to the football capital of the world! The land of Ronaldos, Ronaldinhos, Peles, and Romarios is the next projected global economic powerhouse. Occupying almost half of the South American continent, Brazil is the fifth largest country in the world. Considering its vast size, the Brazilian population of around 190 million is miniscule, to say the least. This is because sea-loving Brazilians are mostly concentrated around the coasts. It is estimated that around two-third of the nation's population is situated along the ...more

Lula Unveils Major Infrastructure Investment Plan

Carin Zissis

March 30, 2010

In a move that could bolster the electoral chances of his chosen political heir, Brazilian President Luiz Inácio Lula da Silva announced a massive infrastructure investment program this week. The plan-valued at roughly $880 billion-will be the second stage of the Growth Acceleration Program and is known by its Portuguese acronym as PAC 2. Lula unveiled the plan at a meeting with 1,200 people and his hoped-for successor Dilma Rousseff in attendance. Rousseff's administration would carry out the project should she win the October elections. She steps down ...more

Brazil - A New Superpower in the Americas

By Perla Chaparro on March 17, 2010

EL PASO, Texas - Beyond colorful bikinis and carnivals, Brazil increasingly draws more attention to its emergence as a rising world superpower.

"Brazil must have done something right," said Heitor Santos, specialist in Brazilian politics, in a discussion panel held recently during the second annual Brazilian Festival at The University of Texas at El Paso.

Besides publicizing Brazil's international economic and social influence, its samba steps and Capoeira moves, the annual festival aims to create a greater understanding of the growth and cultural richness of ...more

Brazil's economy adds record number of jobs in Feb

Wed Mar 17, 2010 11:30am EDT

BRASILIA, March 17 (Reuters) - Brazil's economy added jobs for the second straight month in February, creating a hefty 209,425 payroll positions as companies ramped up hiring amid a strong economic recovery, the government said on Wednesday.

The number was a record for the month of February, a holiday-shortened month because of annual Carnival festivities around that country.

In January, Latin America's largest economy added 181,419 payroll positions, also a record for that month. So far this year, 390,844 payroll jobs have been created in ...more

Brazil Tourism Report Q2 2010

Published on March 25, 2010

(Companiesandmarkets.com and OfficialWire)

Brazil's tourism industry has benefited greatly from the announcement of several high profile events to be held in the country. The 2014 FIFA World Cup is set to be a huge draw for visitors and the addition of the 2016 Olympics in Rio de Janeiro will further boost the sector. In January 2010, the government said it would invest BRL1mn to improve facilities throughout the country ahead of the World Cup.

Inbound visitor numbers had been growing but the industry could benefit from greater stability. While ...more

China and Brazil Lead Major Countries With $34.6 Billion Invested in Clean Technology

By LISA FRIEDMAN of ClimateWire

Published: March 25, 2010

China, Brazil and other developing countries are pouring billions of dollars into efforts to reduce carbon emissions and build up renewable energy markets, a trend that some experts say has turned the traditional climate change debate on its head.

A growing body of studies detail the government subsidies, regulatory policies and private investments that have sent money flowing into the clean energy sectors of some of the leading developing countries. The most recent report out today ...more

Big Broadband Brazil

Eric Ehrmann

Posted: March 26, 2010 12:29 PM

With election season underway president Lula's program expanding Brazil's Internet infrastructure has gained credibility across the political spectrum. Regardless of who wins the presidency in October the program helps government and the private sector work faster and smarter. Grabbing first mover advantage among G-20 nations, Big Broadband Brazil is providing high speed backbone for all types of business processes, creating jobs, and securing Brazil's future as an economic and agricultural power.

Lula's strategy, which has seen Brazil's internet population increase from 8 million to 60 million since ...more

Brazil's largest property developer aims to More Than Double Deliveries in 2010

March 26, 2010, 5:07 AM EDT

By Laura Price and Robin Stringer

March 26 (Bloomberg) -- Cyrela Brazil Realty SA Empreendimentos & Participacoes, Brazil's largest property developer, forecast delivering more than double the units it managed in 2009 after fourth-quarter profit jumped fivefold as accelerating economic growth boosted demand for new homes.

The developer expects to deliver 17,000 to 21,000 units in 2010, up from 7,510 in 2009. Net income for the fourth-quarter climbed to 207.7 million reais ($114.08 million), or 49 centavos a share, up ...more

Brazil Real Estate: Top Factors Affecting Growth

Wednesday, January 13, 2010

Brazil has been thriving under Lula da Silva who introduced a number of crucial reforms that have led to lower unemployment, a higher PDI and encouraging GDP growth rates. The hosting of the 2014 FIFA World Cup and the Olympic Games in 2016 gives Brazil's booming real estate market, as well as other industries, an additional boost. See the following article from Global Property Guide for more on this.

Two major international sporting events are propelling real estate investment in Brazil. The hosting of the 2014 Soccer World Cup ...more

Brazil economy well-placed for election year swings

Tuesday February 23, 2010 09:17:17 AM GMT

BRAZIL-ECONOMY/ELECTION (ANALYSIS)

* Policymakers have more tools to contain volatility* Macroeconomics have become more stable* Uncertainty remains, but is not a looming fear

By Luciana Lopez

SAO PAULO, Feb 23 (Reuters) - Brazil's economy is better-positioned to weather election-year volatility than at any time in the recent past, buoyed by a more solid economic base and a greater range of policy tools.

In recent years, presidential elections such as the one slated for Oct. 3 brought wide swings in financial markets, including stocks and foreign exchange, ...more