Ben Rooney – CNN Money, 10/15/2012
Brazil may not be growing the way it once was, but there are still opportunities to be had in Latin America’s largest economy.
After a commodities-driven boom during the past decade, Brazil’s economy slowed substantially last year as global demand for raw materials waned.
The Brazilian economy is expected to grow just 1.5% this year, according to a recent forecast by the International Monetary Fund. That’s down from a blistering 7.5% in 2010.
Despite the lackluster economic performance, Brazilian consumers have been surprisingly resilient, thanks to a sharp rise in the minimum wage and increased access to credit.