Foreign direct investment (FDI) in the Brazilian economy reached US$52.63 billion between January and July, the highest level for the same period since 2012, when it totalled US$56.4 billion, according to a report released by the Central Bank of Brazil.
In July alone, FDI inflow in the South American country totalled US$7.72 billion, compared to US$6.64 billion in July of last year.
The FDI inflow reflects the recovery of Latin America’s largest economy, whose economic growth is estimated at 2.67 per cent in 2022, according to financial market analysts.
The central bank’s FDI forecast for 2022 is US$55 billion, while the financial market’s estimate is US$61 billion. Last year, Brazil’s FDI totalled US$46.44 billion.