Brazil's Northern Regions To Become A Growing Focus For Investors
In Business Monitor Online today, we have a feature on the economic prospects of Brazil's northern regions.
- Brazil's North and Northeast will become an increasingly important target for investors in the next five to 10 years. While the north will not overtake the South and Southeast as the main drivers of the economy, it has significant catch-up potential.
- Planned investment into the oil and gas and power sectors will build the industrial base and encourage the development of related industries, while a push to close the infrastructure deficit will improve connectivity and help to reduce transport costs.
- Ongoing government efforts to reduce poverty, a continued increase in formal employment, and further industrial development underpin our forecast for a significant increase in per capita incomes in the northern regions in the next five years. As such, we also see substantial growth potential in the retail and financial services sectors.