Brazil will likely see foreign direct investment jump to $70 billion this year after reaching $48.5 billion last year, the central bank's monetary-policy director, Aldo Mendes, said Tuesday.
This compares with a previous government estimate of $55 billion in foreign direct investment
Foreign investment in Brazil has jumped as overseas investors seek growing markets due to a global economic slump.
According to the Instituto de Pesquisa Econômica Aplicada (IPEA), the flow of FDI is not likely to continue:
The IPEA reported last Wednesday that Brazil stands to be a major destination for foreign investment in 2012. The International Perception of Brazil Monitor study found that the likelihood of Brazil receiving foreign investment rose from 35 points in May to 43 points in August.
Further, the percent of interviewees worldwide who consider Brazil one of the top five destinations for foreign investment rose to 70 percent in August – a 14-percent increase from May.
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