Global food and rising commodity prices in Brazil to promote economic prosperity, so that more people have sufficient funds to buy a car, buy a house, buy appliances

 According to the U.S. “Christian Science Monitor” reported on July 15, the general economic downturn in the global context, the Brazilian economy is in steady growth. Rising prices of food and consumer goods to many countries in the world’s economic difficulties, but as the world ore, soybeans, beef, chicken and grain-exporting countries of Brazil has therefore made a full bowl full of pots, not only earn foreign exchange but also a large number China to increase the number of job opportunities.

Brazil has become the engine of economic development in Latin America. Now the economic development of Latin America is the best 40 years, according to data released by the United States last month, Brazil’s economic growth significantly more than its neighbours.

In many countries in the world are Lejinkudai to prepare for possible economic recession, the Brazilians have to spend money in Shijin This is particularly noteworthy.

Brazil rapid growth in domestic consumption. Last year, Brazil’s domestic sales of household appliances rose 17 percent, mobile phone users increased by 21 percent, while plasma TVs and LCD TV sales were almost three times the original.

 The bulky durable goods sales data is more noticeable. Instalments of 72 per cent growth in housing sales, reaching the highest level in history over the same period, bank mortgage lending vehicle leaping to an increase of 45 percent. Brazil’s vehicle production last year reached a record high of 3 million.

Wage growth, the unemployment rate continued to drop and the Government’s plan to help Brazil’s success in helping the poor out of poverty by

Fu. Economists and researchers are expected, Brazil’s economic prosperity has led to at least 200,000 people enter the middle class.

 Sound fiscal policy makes Brazil the annual inflation rate at below 5 percent, while its annual economic growth rate of roughly the same with this, the domestic currency against the dollar in 1999 has now reached its highest point since all these Let investors now believe that Brazil is an ideal place for investment.

Economic prosperity attracted many investors rushed to Brazil. When the United States early this year, Carl’s Jr. (Well-known U.S. fast food chain enterprises) would like to expand its market in the world, several emerging market countries have been rejected, but the company management to the Sao Paulo and Rio de Janeiro, they firmly believe that Brazil is the ideal Places. This is not only because they see the Brazilian young exuberant spending power is more important to them to see Brazil’s future economic development vitality. A member of a company in Sri Lanka have special access to reporters after the Brazilian said: “where economic growth and inflation are stable, from a commercial point of view we like this market.” And Carl’s Jr. Companies, real estate developer Tishman Speyer company And agricultural machinery maker John Deere Group will be doing business in Brazil as the treasure land.

 Experts predict Brazil will further economic prosperity. Lula government will have to govern from the initial interest rate of 25 percent down from last year’s 11.25 percent, consumers in the full enjoyment of the benefits of low interest rates, experts believe that this rate is still promoting “the money with his hands” of interest rates, To millions of funds will remain in the pockets of consumers, unless further reduce interest rates. Chibi wait-and-see situation to the economists and bankers to provide a clear signal to further reduce interest rates once, there will be more people into the tide of this consumption to.

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