Brazil’s National Development Bank (BNDES) has made an eye-catching prediction that around $1.3 trillion Brazilian reals (AU$1 = R$1.55) will be invested in the country over the next three years, well over 50% more than the amount invested from 2005 to 2008 (R$856b).
The new research forecasts significantly increased investments in industry, infrastructure and building developments, a major part of which is being driven by World Cup 2014 and Rio 2016 preparations.
The study, which covers the period 2010-2013, includes all types of investments, public and private, and not just those in which the BNDES will assist with finance.