Brazil 'well-placed for growth'

Brazil is a country well-placed for continued economic growth, it has been claimed.

In an article on the country's success, the Economist argued that it has a number of advantages over the rest of the BRIC (Brazil, Russia, India and China) group.

These were listed as being a democracy (unlike China), not having hostile neighbours or internal social strife in the way India does, plus having a wider range of exports than Russia.

In addition to this, it has the chance to gain more international attention due to hosting the football World Cup in 2014 and the Olympics in 2016.

By 2024, the country could be the fifth-largest economy in the world according to the predictions of analysts, the magazine noted.

Such a situation could make Brazil a profitable one in which to make long-term investments in property.

Those who do want to buy there could find it easier to do so soon, it was revealed earlier this month.

Investor magazine BuyAssociation noted that the government and banks in the country are in talks about how overseas citizens can be offered easier access to mortgages, with legislation expected next year.