Is the time right for the investment in Brazil?

Question

Best wishes,
M. M. Chowdhury
www.amreteckpharma.com

Answer 1

According to the CIA World Factbook, Brazil has the ninth largest economy in the world at purchasing power parity as of 2006. Brazil has a diversified middle income economy with wide variations in levels of development. Most large industry is concentrated in the south and south east. The north east is traditionally the poorest part of Brazil, but it is beginning to attract new investment. Brazil embarked on a successful economic stabilization program, the Real Plan (named for the new currency, the real; plural: reais) in July 1994. Inflation, which had reached an annual level of nearly 5,000% at the end of 1993, fell sharply, reaching a low of 2.5% in 1998; it was 6% in 2000. Brazil successfully shifted from an essentially fixed exchange rate regime to a floating regime in January 1999.