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Brazil unaffected by US problems

Article Date : Tuesday, March 04, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Brazil's economy is not being unduly affected by economic problems in the US, experts have insisted.

Independent analysts Amberlamb stated that it was generally accepted that the rest of the world would suffer if one of the world's major economies starts to decline.

However, it said Brazil was apparently bucking in trend and holding its own in the face of the US downturn.

Amberlamb attributed this to the government's efforts to diversify its own economy, as this has made it more resilient and robust.

As a result, it has encouraged overseas property investors to keep Brazil in mind when considering a purchase abroad.

The organisation commented: "There are fantastic fiscal fundamentals supporting Brazil’s property sector."

Brazil was recently highlighted by the Foreign Property Website as a location that offered strong investment potential.

According to the online portal, rising land prices were pushing up the value of property in many areas.
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