Brazil is a nation transformed. At one time characterized by macroeconomic instability and closed trade policies, Brazil’s economy is now among the strongest globally.
In fact, PwC analysts forecast that Brazil will achieve more than 7 percent economic growth this year, eclipsing that of Canada and all other developed nations. By 2050, PwC expects Brazil’s economy, measured by GDP, to outpace all other G7 nations except the US.
The following article, written by PwC partner Kristian Knibutat, discusses several aspects of Brazil's economy and why such growth is projected. It was originally published in the January 2011 issue of Lexpert magazine and is reprinted here with permission.