Brazil is booming and brimming with business opportunities, “like the US in the 1950s”, billionaire businessman Sam Zell told CNBC Wednesday. He said if Brazil continues on the same course, he predicts that the “fiscally conservative” nation will soon be CNBC Full Story:one of the top two countries in terms of growth.
The real estate tycoon said Brazil has 8 % debt, compared to 70 %(of GDP) in the US. The country has a AAA rating from several major credit-rating institutions.
Tags: brazil national debt
