Brazil is still booming

In its recent  The World Economic Outlook,  the International Monetary Fund (IMF) revised up global forecasts to near 4% in 2010. According to the report, the global economy, battered by two years of crisis, is recovering faster than previously anticipated, with world growth bouncing back from negative territory in 2009 to a forecast 3.9 percent this year and 4.3 percent in 2011. But the recovery is proceeding at different speeds around the world, with emerging markets leading the way to recovery. This is the case of Brasil whose economy is set to grow by 4.7% instead of the 3.6 forecast earlier. Analysts say investing  in Brazil could be safer option than in some other countries. When Goldman Sachs predicted that Brazil was to become a leading global power by 2050 as one of the fast-growth “BRIC” economies, some foreign investors were rightfully skeptical. But if anything, that timetable has accelerated. Today, Brazil is set to take over France and the United Kingdom as the world’s fifth-largest economy as early as 2025.