BY JOACHIM BAMRUD
Neelemans venture is only the latest showing continued faith in
The growing investments, along with a continued consumer boom, will help drive economic growth. Brazils economy - Latin Americas largest - is expected to grow between 5.0 percent and 5.5 percent this year, Brazilian Finance Minister Guido Mantega reiterated last week. That follows GDP growth of 5.4 percent last year, the central bank announced last month. That was the best result in three years and above the Latin American average of 5.0 percent. Meanwhile, foreign direct investment reached a whopping $34.6 billion last year, nearly double the $18.8 billion registered in 2006, according to
Real estate is among the sectors that have been driving strong economic growth and it will likely continue to do so again this year, according to Thomas OConnor, co-head the new Latin America Real Estate Group of U.S.-based law firm Cooley Godward Kronish. "
Keywords: Auto sector, Brazilian American Chamber of Commerce in