Brazil 'economy booming'
The economy in Brazil is still booming according to one expert, news that may be of interest to potential property investors in the country.
Dr Martin Weiss from Weiss Research has stated that the market in Brazil is continuing to outperform the Dow and such growth should see further expansion.
According to Dr Weiss, the economy in Brazil is growing 7-times faster than that in the US.
Reasons for the growth cited by the expert include the facts that the sugar cane and ethanol industries are starting to boom.
Moreover, Construtora Norberto Odebrecht, one of the largest construction firms in Brazil has stated that it plans to pump $2.6 billion (£1.2 billion) into the ethanol industry, stated Dr Weiss.
In addition, the demand for natural resources in Brazil - those such as iron ore and nickel - are starting to rise at a quicker pace, said the analyst.
The comments come after an expert at JBWere Asset Management suggested that the economy in Brazil in set to show huge growth in the coming years.
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