From The Pragmatic Capitalist:
Goldman Sachs believes Brazil is in the long-term sweet spot in terms of economic competitiveness. In addition to a young and rapidly expanding population, Brazil is at the heart of the commodity boom and is likely to see massive injections of government stimulus as they prepare for the 2014 World Cup and the 2016 Summer Olympics in Rio.
In addition to these strong fundamental growth drivers, Goldman also says valuations and risks in Brazil remain relatively low in comparison to other markets...
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