Economy: Foreign investment in Brazil hits all-time high

Foreign direct investment (FDI) in Brazil totaled US$ 31.2 billion from January to October this year, against US$ 13.6 billion recorded in the same period of last year. The data was disclosed 28th November by the Brazilian Central Bank. According to the Bank, this is the best result ever recorded for the period since 1947, when the historical series was initiated.
In October alone, FDI inflow stood at US$ 3.2 billion and, according to the head at the Economic Department of the Central Bank, Altamir Lopes, so far in November another US$ 2.2 billion have been invested, driving the total for the year up to US$ 33.4 billion, which already surpasses the highest annual value ever recorded: US$ 32.7 billion, recorded in 2000.
According to Lopes, until the end of the year, FDI inflow should reach US$ 35 billion. The official forecast of the Central Bank was US$ 32 billion. Last year, US$ 18.8 billion in foreign direct investment entered the country.
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