Brazils investment climate praised by business-170708

An official at a US-based fast food chain has highlighted the investment potential which Brazil currently offers.

Carl's Jr has recently decided to set up establishments in both Rio de Janeiro and Sao Paulo, choosing them in preference over other emerging markets.

Speaking of the decision to invest in Brazil, spokesperson Mike Stout revealed that it has many factors in its favour.

He told the Christian Science Monitor that people in the South American nation are becoming increasingly affluent, which his leading to more and more people moving into the middle class.

He continued: "The economy is growing and inflation is stable. From a business perspective, we love the market."

According to Gulf Weekly, the South American country is "holding its own" despite the current economic downturn in the US.

This, it stated, is good news for overseas property buyers who have invested in the Brazilian housing market.