Brazil keeps attracting foreign investment
Brazil is continuing to attract a high amount of foreign direct investment (FDI), officials have revealed.
According to the Brazilian Central Bank, the South American country has received £2.8 billion of funds from overseas this year, Brazzil Mag reports.
Altamir Lopes, head of the organisation, said this shows how the nation's economy is still performing strongly, despite the financial crisis in other parts of the world.
He commented: "Our macroeconomic indicators are quite stable."
However, Mr Lopes conceded that the turmoil in the financial markets across the world could mean that Brazil sees less FDI next year.
"The capital flows should retract a little, obviously a reflection of the crisis," he said.
Earlier this month, the Brazilian president insisted that problems in the global financial markets should not unduly affect the country.
According to Luiz Inacio Lula da Silva, the South American nation is supported by strong economic fundamentals, reports Nasdaq.
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