(What is this?)
Home > Brazil > Property > News : Global crunch 'will leave Brazil unaffected'
Not registered?  Join IPIN now FREE   |  Forgot password?

Global crunch 'will leave Brazil unaffected'

Article Date : Tuesday, February 26, 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 effects of the global credit crunch will not impact on the economy in Brazil, according to one commentator.

Regis Abreu, an asset manager at Rio de Janeiro's Mercatto Gestao de Recursos, told Bloomberg that the country will continue to see "robust earnings growth" despite the slowdown that has been prompted by the implosion of the US's sub-prime mortgage market.

The credit crunch has also impacted on the UK's market, causing Northern Rock to run into financial difficulties and require an investment from the Bank of England to remain afloat. The bank has now been privatised by the government.

Mr Abreu's comments come as Brazil's stock market enjoyed its fourth consecutive day of growth. The share prices of a number of real estate developers - such as Gafisa SA - also rose, the news agency reports.

The news follows falling interest rates and low inflation in Brazil - two factors that could also benefit the Brazilian property market - have also been credited for the turnaround in the Brazil's furniture industry, reports the IHB website.
Listing Separator

Related Articles

  1. Millions to be invested in Rio's roads in World Cup run up
  2. Brazil's biofuel industry 'will benefit economy'
  3. Copa Airlines announces fourth destination in Brazil
  4. Medical industry booms
  5. Brazil is increasingly attractive, says expert



Listing Separator

Let us search for you Let Us find Property in Brazil for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Brazil.
Let us searchHelp me find property in Brazil


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Brazil
Channel: All

More RSS FeedsGo

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo

Media/Press SectionMedia/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click hereGo

View News by ChannelSee Your News Here

Submit your news feed for spidering by our news robot. Simply enter the url of your RSS feed in the text box below and click the submit button

Submit Your RSS FeedGo