Posts Tagged ‘Economy’

Brazil’s Foreign Direct Investment surges in December 08

Posted by Pioneer Land Group in Economy.

Brazil registered its second-biggest monthly flow of foreign direct investment (FDI) in December, pushing the annual total in 2008 to a record, the central bank said. FDI surged to $8.12 billion last month from a revised $2.18 billion in November, helping Brazil post an annual record for FDI of $45.1 billion, the bank said today in Brasilia.

“Foreign investors have a long-term perspective,” Altamir Lopes, head of central bank’s economic research department, told reporters in Brasilia. “They are looking at the fundamentals of Brazil’s economy and are seeing positive perspectives.”

Brazil’s highest monthly FDI occurred in June 2007, when the country received $10.3 billion in FDI. The total for 2008 was the highest since Brazil began keeping records in 1947, the bank said.

Full report available from Bloomberg.

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Brazils registers lowest Unemployment Rate in 6 Years

Posted by Pioneer Land Group in Economy.

As highlighted by the China Daily News, Brazil registered an unemployment rate of 7.9% in 2008, down from 9.3% in 2007, according to the Monthly Employment Study of the Brazilian Institute of Geography and Statistics (IBGE).

The rate was the lowest since the study started in 2002. It measures the unemployment rate in Brazil’s six largest metropolitan regions. In December, Brazil’s unemployment rate was 6.8%, the lowest rate for the month since March 2002, down from 7.6% in November and 7.4% in December 2007. The largest variations in the December unemployment rate were registered in the northeastern city of Recife, where the rate fell 1.9% from November, and in the country’s largest city of Sao Paulo, with a 1.1% reduction.

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Brazil Expected to Weather Downturn

Posted by Pioneer Land Group in Economy.

With emerging markets far from immune to the credit crunch, countries such as Brazil have been outlined by many global experts to experience a far stronger resistance to the crisis. According to the latest assessment by the International Monetary Fund growth in Brazil is now expected to be 3.5% in 2009.

“No country is immune. Six months ago some analysts were claiming that emerging countries would be immune from the financial crises. We did not believe these arguments and we have always said no part of the World was immune.” Said Dominique Strauss-Khan from the IMF. “Brazil is an economy in good shape”, he added “For some countries 3.5% growth would be a great success but for Brazil it represents a major decline”.

Growth in 2009 for advanced economies is predicted at zero so 100% of world growth will come from emerging markets. The IMF expects recovery to start at the end of 2009. Full report from Nu Wire Investor.

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