Stan Lehman – Associated Press, 8/10/2012
SAO PAULO – Foreign investors remain bullish on Brazil despite a sluggish economy, one of the world’s largest accounting firms said Friday.
The country’s “stable economy, burgeoning domestic market and huge untapped reserves of natural resources have led foreign investors to become increasingly interested in Brazil as an investment destination,” London-based Ernst & Young said in its Brazilian Attractiveness Survey.
The survey said direct foreign investment in Brazil has more than tripled since 2007, going from $19 billion to $63 billion in 2011.
