Brazil will be one of the first economies to recover from the economic slump. The OECD predicts 4% economic growth for the emerging giant in 2010. The confidence of the countrys President Lula da Silva, who during his two terms of office has transformed the countrys economy, has barely taken a denting. Brazil is emerging from the crisis, and next year we are going to have surprising growth, he announced in July.

State oil company Petrobras discovered vast deepwater reserves that it is developing with a five-year, $174 billion investment program. The goal is to double Brazil’s production, to 3.5 million barrels a day, by 2012, making the country a top oil exporter, in line with many Middle Eastern countries such as Kuwait and Saudi Arabia, increasing the wealth in the country immensely. The United States has agreed to provide as much as $10 billion in financing to go towards the development of these oil fields. Brazil will reap tremendous benefits from this oil exploration and avoid over-reliance on oil because it made its discoveries after its economy had diversified and industrialised.

The growing middle classes and consequent increasing domestic consumption of the BRIC nations is creating greater demand for exports. While US consumers continue to tighten their purse strings, Brazil, Russia, India and China will be responsible for around 50% of worldwide export demand.

The 2014 World Cup has resulted in a Government programme of expenditure, in excess of $250 million on roads, airports, power generation and sanitation coupled with a huge spend on tourism that has resulted in international tourists increasing year on year from 1.9 million in 1995, to in excess of 5.2 million in 2008.

The Brazil property market is booming. Mortgage lending around the world as a percentage of GDP is much higher than in Brazil where it is only 2.5%. In the US it accounts for 68% with Germany and Spain at 45% and other developing nations such as Mexico and Chile at 11% and 20% respectively. Although there was a worldwide economic crisis mortgage lending in Brazil rose 41% last year, while other countries lending contracted. Caixa Economica Federal lent 19 Billion Reais in 2008 and expects to lend 26 billion Reais in 2009. This compared to 5 billion Reais in 2005.

Brazil has a huge domestic market resulting in its huge export industry only representing 12% of its $1.5 trillion economy. This is due to its population of 190 million people and a growing middle class making up more than half of the population. This has resulted in Brazilians buying more food, clothing, and household goods. Whirlpool (WHR), which has a 40% share of Brazil’s appliance market, has benefited, too. Sales jumped 20% in May and June compared with a year earlier. Even when the tax cut ends in October, sales should remain strong, says Jos A. Drummond Jr., president of Whirlpool Latin America. This has also fueled retail spending at supermarkets such as Grupo Po de Acar, which had a revenue of $8.9 billion in 2008. To cash in on booming sales of fridges, washers, and the like, the company in June paid $422 million for Ponto Frio, an appliance retailer with 458 outlets. “Over the next five years, we’ll see a doubling of sales of durable goods in Brazil,” says Jos Roberto Tambasco, vice-president for operations at Po de Acar.

Leslie Richards is a consultant to Brazil Land Invest and advises the company on property land and Affordable Housing projects in North East Brazil.

Brazil is going to have startling growth next year as it emerges from the crisis said President Lula da Silva last month. The OECD has predicted 4% economic growth for Brazil which shows evidence that Brazil is one of the first economies to recover from the economic slump in an resounding way.

It has been announced that the US is to provide as much as $10 billion (6 billion) in financing to go towards the development of oil fields off the Brazilian coast.US national security adviser General James Jones has been visiting the Latin American country this week and Brazilian planning minister Paulo Bernardo da Silva said that the US Export-Import Bank has now signed an agreement with energy giant Petrobras to finance exploration of the vast deepwater reserves that it is developing with a five-year, $174 billion investment program. The goal is to more than double Brazil’s production, to 3.5 million barrels a day, by 2012, making the country a top oil exporter, and increasing the wealth in the country immensely.

The growing middle classes and consequent increasing domestic consumption of the BRIC nations is creating greater demand for exports. While US consumers continue to tighten their purse strings, Brazil, Russia, India and China will be responsible for around 50% of worldwide export demand.

Since 1995 Brazil has invested heavily into tourism, taking foreign visitors numbers to 5.2 million in 2008 from just 1.9 the previous decade. In preparation for the 2014 football World Cup, which will take tourism levels to a new all-time high, the Government will spend over $250 million over 5 years on infrastructure.

The Brazilian property market has huge room for growth. Residential mortgages only represent 2.5 percent of the Brazils GDP according to Banco Central do Brasil, the Central Bank. Comparisons with other countries reveal a huge growth potential for Brazil as Mexico is 11%, Chile 20%, Spain 45% and 68% in the US. Even with the worldwide economic crisis, mortgage lending in Brazil rose 41%, twice as fast as consumer credit. The state-owned Caixa Economica Federal has lent around 19 billion Reais so far in 2009, compared to an average of five billion Reais four years ago. It expects to lend 26 billion Reais worth of loans for Brazil real estate purchase in 2009.

Brazil has a huge export industry, yet this only accounts for 12% of its $1.5 trillion economy. With Brazils middle class now making up more than half its 190 million-strong population, the domestic consumer market is booming. Retail spending has increased heavily this year from 2008 with groups such as Whirlpool, which has a 40% share of the white goods market, recently announcing 20% increases in sales year on year. Other groups have been quick to jump on board the household goods train. Over the next five years, well see a doubling of sales of durable goods in Brazil, said Jos Roberto Tambasco recently. The vice-president for operations of Pao do Aucar, which turned over $8.9 billion in 2008, spoke in the wake of the supermarket giants strategic acquisition of appliance retailer Ponto Frio for $422, providing the group with a further 458 outlets countrywide to meet the burgeoning demand for household appliances.

Leslie Richards is a land consultant to Brazil Land Invest and advises the company on land acquisitions and Affordable Housing projects in North East Brazil. Please visit Brazil Land Invest for further advice on land or property investment in North East Brazil.

Brazil is going to have startling growth next year as it emerges from the crisis said President Lula da Silva last month. The OECD has predicted 4% economic growth for Brazil which shows evidence that Brazil is one of the first economies to recover from the economic slump in an resounding way.

State oil company Petrobras discovered vast deepwater reserves that it is developing with a five-year, $174 billion investment program. The goal is to double Brazil’s production, to 3.5 million barrels a day, by 2012, making the country a top oil exporter, in line with many Middle Eastern countries such as Kuwait and Saudi Arabia, increasing the wealth in the country immensely. The United States has agreed to provide as much as $10 billion in financing to go towards the development of these oil fields. Brazil will reap tremendous benefits from this oil exploration and avoid over-reliance on oil because it made its discoveries after its economy had diversified and industrialised.

U.S. consumers are predicted to hold back on spending in the near future. A recent Goldman Sachs report predicts that Brazil, Russia, India and China will be responsible for around 50% of worldwide demand for exports due to their growing domestic consumption. This demand is powered by a growth in their middle classes.

Since 1995 Brazil has invested heavily into tourism, taking foreign visitors numbers to 5.2 million in 2008 from just 1.9 the previous decade. In preparation for the 2014 football World Cup, which will take tourism levels to a new all-time high, the Government will spend over $250 million over 5 years on infrastructure.

The Brazil property market is booming. Mortgage lending around the world as a percentage of GDP is much higher than in Brazil where it is only 2.5%. In the US it accounts for 68% with Germany and Spain at 45% and other developing nations such as Mexico and Chile at 11% and 20% respectively. Although there was a worldwide economic crisis mortgage lending in Brazil rose 41% last year, while other countries lending contracted. Caixa Economica Federal lent 19 Billion Reais in 2008 and expects to lend 26 billion Reais in 2009. This compared to 5 billion Reais in 2005.

Brazils economy is worth $1.5 trillion, yet exports only represent 12% of this. Its population of 190 million is seeing a boom in the middle classes, which now make up more than half its population. With their increased buying power, Brazilians are buying more food, more clothing and more household goods than ever before. Sales figures for Whirlpool, which has a 40% share of Brazils appliance market, were 20% higher in May and June 2009 compared to a year earlier. Though this has been partially fuelled by tax incentives, which are due to end in October, sales are expected to remain strong. “Over the next five years, we’ll see a doubling of sales of durable goods in Brazil,” says Jos Roberto Tambasco, vice-president for operations at Po de Acar. In preparation to meet the increased demand for white goods, the supermarket giant recently paid $422 million for the appliance retailer Ponto Frio which has a network of 458 stores nationwide.

Leslie Richards is a consultant to Brazil Land Invest and advises the company on land acquisitions, development funding and Affordable Housing projects in North East Brazil.

Brazil is emerging from the crisis, and next year we are going to have surprising growth President Lula da Silva said last month. A bold but not inaccurate statement. There is evidence to advocate that Brazil will be one of the first economies to recover from the economic slump in an emphatic manner. The OECD is predicting 4% economic growth for Brazil in 2010.

State oil company Petrobras discovered vast deepwater reserves that it is developing with a five-year, $174 billion investment program. The goal is to double Brazil’s production, to 3.5 million barrels a day, by 2012, making the country a top oil exporter, in line with many Middle Eastern countries such as Kuwait and Saudi Arabia, increasing the wealth in the country immensely. The United States has agreed to provide as much as $10 billion in financing to go towards the development of these oil fields. Brazil will reap tremendous benefits from this oil exploration and avoid over-reliance on oil because it made its discoveries after its economy had diversified and industrialised.

The BRICss of Brazil, Russia, India and China will be responsible for around 50% of worldwide demand for exports in the near future due to their mounting domestic consumption. With U.S. consumers expected refrain from purchasing goods in the near future, the recent Goldman Sachs report predicts that the BRIC demand for exports will be powered by a growth in their middle classes.

Brazil has spent enormously on tourism since 1995, increasing international visitor numbers from 1.9 million to 5.2 million in 2008. The 2014 World Cup is expected to increase tourism and the Government is pledged to spend in excess of $250 million over the next 5 years on airports, roads, sanitation and hydroelectric power.

The Brazil property market is booming. Mortgage lending around the world as a percentage of GDP is much higher than in Brazil where it is only 2.5%. In the US it accounts for 68% with Germany and Spain at 45% and other developing nations such as Mexico and Chile at 11% and 20% respectively. Although there was a worldwide economic crisis mortgage lending in Brazil rose 41% last year, while other countries lending contracted. Caixa Economica Federal lent 19 Billion Reais in 2008 and expects to lend 26 billion Reais in 2009. This compared to 5 billion Reais in 2005.

Brazils economy is worth $1.5 trillion, yet exports only represent 12% of this. Its population of 190 million is seeing a boom in the middle classes, which now make up more than half its population. With their increased buying power, Brazilians are buying more food, more clothing and more household goods than ever before. Sales figures for Whirlpool, which has a 40% share of Brazils appliance market, were 20% higher in May and June 2009 compared to a year earlier. Though this has been partially fuelled by tax incentives, which are due to end in October, sales are expected to remain strong. “Over the next five years, we’ll see a doubling of sales of durable goods in Brazil,” says Jos Roberto Tambasco, vice-president for operations at Po de Acar. In preparation to meet the increased demand for white goods, the supermarket giant recently paid $422 million for the appliance retailer Ponto Frio which has a network of 458 stores nationwide.

Leslie Richards is an investment consultant to Brazil Land Invest and advises the company on property land and Affordable Housing projects in North East Brazil.

Brazil is emerging from the crisis, and next year we are going to have surprising growth President Lula da Silva said last month. A bold but not inaccurate statement. There is evidence to advocate that Brazil will be one of the first economies to recover from the economic slump in an emphatic manner. The OECD is predicting 4% economic growth for Brazil in 2010.

State oil company Petrobras discovered vast deepwater reserves that it is developing with a five-year, $174 billion investment program. The goal is to double Brazil’s production, to 3.5 million barrels a day, by 2012, making the country a top oil exporter, in line with many Middle Eastern countries such as Kuwait and Saudi Arabia, increasing the wealth in the country immensely. The United States has agreed to provide as much as $10 billion in financing to go towards the development of these oil fields. Brazil will reap tremendous benefits from this oil exploration and avoid over-reliance on oil because it made its discoveries after its economy had diversified and industrialised.

U.S. consumers are predicted to hold back on spending in the near future. A recent Goldman Sachs report predicts that Brazil, Russia, India and China will be responsible for around 50% of worldwide demand for exports due to their growing domestic consumption. This demand is powered by a growth in their middle classes.

The 2014 World Cup has resulted in a Government programme of expenditure, in excess of $250 million on roads, airports, power generation and sanitation coupled with a huge spend on tourism that has resulted in international tourists increasing year on year from 1.9 million in 1995, to in excess of 5.2 million in 2008.

The Brazil property market is booming. Mortgage lending around the world as a percentage of GDP is much higher than in Brazil where it is only 2.5%. In the US it accounts for 68% with Germany and Spain at 45% and other developing nations such as Mexico and Chile at 11% and 20% respectively. Although there was a worldwide economic crisis mortgage lending in Brazil rose 41% last year, while other countries lending contracted. Caixa Economica Federal lent 19 Billion Reais in 2008 and expects to lend 26 billion Reais in 2009. This compared to 5 billion Reais in 2005.

Brazil has a huge export industry, yet this only accounts for 12% of its $1.5 trillion economy. With Brazils middle class now making up more than half its 190 million-strong population, the domestic consumer market is booming. Retail spending has increased heavily this year from 2008 with groups such as Whirlpool, which has a 40% share of the white goods market, recently announcing 20% increases in sales year on year. Other groups have been quick to jump on board the household goods train. Over the next five years, well see a doubling of sales of durable goods in Brazil, said Jos Roberto Tambasco recently. The vice-president for operations of Pao do Aucar, which turned over $8.9 billion in 2008, spoke in the wake of the supermarket giants strategic acquisition of appliance retailer Ponto Frio for $422, providing the group with a further 458 outlets countrywide to meet the burgeoning demand for household appliances.