The Brazilian economy is the 10th largest economy in the world. During the period 2004-08, the economy grew at the rate of 4-5 % on average. Many would consider this growth rate to be less impressive than rates seen in China and India, but Brazil nevertheless continues to be an investment hotspot. Brazil is one of the few countries in the world that is self-sufficient in oil, which plays a very crucial role in global economy. Brazil is also a leader in alternative energy sources; it produces more ethanol than the combined production of Asia and Europe. Brazil is also the second largest producer of iron ore in the world.



With this abundance of natural resources, Brazilians are manufacturing everything from aircrafts to hair pins. The decades of hyper-inflation and unstable domestic currency seem to be over. There is a long list of positive points that make Brazil a promising candidate for spectacular growth.



Source: FORBES.COM
LINK: http://www.forbes.com/2010/04/30/brazil-invest-stocks-personal-finance-investing-brazil_2.html

An Overview of the Brazilian Economy

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