If there is one economy which has grabbed centre stage over the last three or four years it has to be the Australian economy which has gone from strength to strength. This comes at a time when the worldwide economy is still under pressure, Europe is not yet out of danger and the American politicians continue to squabble about the budget and the debt ceiling.
Bearing in mind the current economic situation in Australia, you may wonder why anybody would want to move to Brazil from Australia.
If we take a broad look at the South American economy we will see a thriving area of the world, investors clamouring to get a slice of the action and economies which are amongst the best performing on the planet. Brazil is still by far and away the most influential and the largest of economies in South America and as such it continues to influence international trade to the likes of the USA, Europe and the Far East.
Indeed, such is the strength of the South American situation at this moment in time that the trade body representing countries in the area has been very active in agreeing new tariffs and new terms with international counterparts. At this moment in time it is difficult to see why the economic growth seen in recent times would reverse although we may see a slowdown if the US recovery is more prolonged than expected or there are further problems within Europe.
The Brazilian economy is the largest in the region, the government has perhaps been more proactive than many in the area and it still continues to attract more than its fair share of expats. We also have an array of international companies fighting with themselves to gain exposure to Brazil and the ever-growing skilled workforce which has opened many new doors for the country.
It is unlikely that this strengthening situation will change in the short to medium term even if we were to see a further setback in the worldwide economy. This is because great progress has been made and there are actions which can be taken by the Brazilian government to reduce the impact of economic tremors from elsewhere around the world.
Expats in Brazil
Even before the area began to improve on an economic basis there was already significant interest from the worldwide expat community. We had a country which was to all intents and purposes “mismanaged” in years gone by, had been on the verge of bankruptcy but still maintained a thriving tourist industry and continued to attract the attention of worldwide travellers. This was the perfect background for the expat community many of whom saw business opportunities and investment opportunities some time ago.
This thriving expat community in Brazil is now benefiting from the ongoing economic growth, more stable political situation and a country which is as financially strong as it has been in living memory. Gone are the fears of immediate bankruptcy, gone are the fears of trade reprisals from international partners and these have been replaced by confidence in the future and a more focused economic strategy from the government.
While there is no doubt that the Australian economy continues to thrive and is expected to show growth in the short to medium term, the prospects for Brazil are, in the eyes of many people, even better. Brazil is by far and away the largest economy in the region and its influence is there for all to see – perfectly highlighted by a number of trade agreements put in place over the last couple of years.
It is not difficult to see why somebody would look to move from Australia to Brazil to begin a new life, to open up a business or to invest significant funds within the country itself. After years of political infighting, financial mismanagement and lack of action with regards to crime, South America is a very different animal today. This is the reason why so many people are now considering Brazil as their future home.