Fitch Credit Ratings raised Brazil’s long-term debt rating in foreign currency, for the first time since it downgraded it in 2018.
A survey of 94 Brazilian fund managers and analysts was then conducted. 44% said negative opinion about the government this month, compared to 90% said negative opinion in March. Half of them mean a change of heart.
Shortly thereafter Brazil received a foreign direct investment of more than $91 billion, with the fifth largest investment destination in the world.
Investors are turning their sights on Brazil because of the prospect that America will cut interest rates next year, many investors are starting to look to emerging markets, especially Brazil
Good boom in Brazil JetZai.. According to experts and researchers a number of factors have been credited in the introduction
The Brazilian Central Bank of Brazil (BCB) and Al Fayda (BCB) at 13.75% have reduced annual inflation from 12% in April last year to 3.2% today. The Brazilian Rial is rising against the dollar.
After a central move, Brazil began to present itself to the world as a safe alternative to cereals rather than Russia, which is engaged in continuous trade with the West.
The Minister of Finance, Fernando Haddad, had a great credit for Brazil’s transformation, because he worked as two very important major reforms. The first merged 5 taxes on goods and services into a tax, and then began to operate a new financial structural framework for the entire State.
Among the reasons for Brazil’s renaissance are that it has accelerated investment in the transition to a green economy. In very few years, Brazil has remained a huge economic powerhouse in South America with a thousand accounts and the world’s 12th most powerful economy ranking of $1.6 trillion.
