Business Climate: Brazil Remains Laggard

RIO DE JANEIRO – Despite its success at attracting foreign direct investment, Brazil remains a laggard when it comes to overall business climate.

The country’s economy last year grew by 7.5 percent, its best result in 24 years and a strong enough result to replace Italy as the seventh-largest economy in the world. Meanwhile, FDI reached a record $48.5 billion last year, an 86.8 percent increase from 2009.

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