After a lackluster close to 2010, Brazil’s exchange traded funds (ETFs) are ready to get going. There’s a new president, growth-friendly economic policies and a middle class that continues to emerge.
For starters, Brazil’s central bank estimated gross domestic product (GDP) growth of 4.5% in the country in 2011. Some are even more bullish than that: Xinhua Net reports that Brazil’s GDP growth in 2011 will reach 7.6%.
Economists are calling for industrial production to rise 5.3% while the annual basic interest rate is forecast to rise to 12.25% from the present 10.75% until the end of 2011. [Is Brazil ETF a Smart Investment?]
Don Dion for The Street reports that Brazil’s strong exposure to global energy and the commodity market will further boost the growing middle class. The country is considered a major engine for growth on the global stage. [5 ETFs to Play Surging Copper Demand.]