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Brazilian economy grows by 5.4%

Article Date : Thursday, March 13, 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

The Brazilian government has revealed that the country's economy expanded by 5.4 per cent last year.

This was attributed to a number of different factors, such as increasing personal wealth among the country's population and greater demand for property.

Officials added that Brazil also saw higher levels of consumer spending and business development last year.

However, the increase itself was not the only notable aspect of the figures, as the rate of growth was also found to have gone up.

Economic expansion in 2006 was rated at 3.8 per cent, which means the Brazilian economy is now growing at a faster rate.

This is likely to be good news for owners of property in Brazil, as it suggests that investors could possibly get high returns.

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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