Brazilian foreign direct investment 'up 63.9%'
Foreign direct investment in Brazil grew 63.9% to $2.41 billion in January and was at the highest level for that month since 2000.
And the figure is predicted to exceed growth expectations reaching $1.3 billion dollars of the expected $1.45 billion for February at the end of last week, MacauHub reports.
Jim O'Neill, head of global economic research at Goldman Sachs explained that the balance of payments performance would keep Brazil's economy strong.
The relatively high interest rates elsewhere would make a fixed rate deal in Brazil a popular investment option, he explained to FXStreet.com.
"I see no reason why the real should weaken," O'Neill told reporters, explaining that the predicted annual growth rate of between 4.5 and 5% should maintain a strong economy.
Brazil could become one of the biggest economies in the world if the current trend in economic growth continues, the analyst claimed.
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