Brazil’s economic bubble looks set to burst

Brazil's Embraer is the world's third largest commercial aircraft maker (photo:dpa)
Brazil's Embraer is the world's third largest commercial aircraft maker (photo:dpa)

Just a few years ago, investors and countries around the world were looking to Brazil as one of the five big emerging economies. But economic growth is slowing and the country still lacks critical infrastructure, particularly ports, road and railways, to improve its export potential. Slowing economies around the world are hampering efforts to maintain its previous economic boom.

<i>Brazil is losing its reputation as the ‘new China’ as its economy starts to falter. The latest figures show the growth rate for 2013 is forecast at around three per cent at the most. In 2010 it was 7.5 per cent. Agricultural exports are holding up but sales of some commodities, particularly iron ore,...

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