The latest economic results highlight the potential Brazil has to offer investors, it has been claimed.
Obelisk International claimed that Brazilian investments have an excellent future ahead of them as the country continues to enjoy high levels of growth.
Figures revealed that in the first quarter of 2011, the economy experienced growth of 1.3 per cent on the previous quarter.
Furthermore, year on year numbers show that the Brazils Gross Domestic Product increased by 6.2 per cent.
The organisation said that the steady economic growth illustrates that the government measures to dampen inflation are working, with further steps to tighten public spending expected throughout the year.
“Steady and controlled growth is an essential ingredient for successful investment anywhere and Brazil is showing every sign of a maturing market,” it said.
Speaking to Advisor magazine, Scott Piper, portfolio manager with Brazil-based Itau Asset Management, portfolio sub-advisor to the Excel Latin America Fund, said that against a backdrop of international debt crises, Brazil appears very attractive to investors.
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