Brazil falls out of favor with foreign investors.
For the first time in four years, the country has fallen from 4th to 5th place in the ranking, according to research by the United Nations Conference on Trade and Development.
247 Foreign investors seem to have noticed that Brazil is no longer "the last fat turkey at Christmas," as Finance Minister Guido Mantega says. According to the United Nations Conference on Trade and Development (UNCTAD), Brazil has fallen from 4th to 5th place in foreigners' preference as a preferred investment destination by 2014. The ranking, which shows the country's decline from 2011 to this year, was released this Thursday, the 5th, by the Brazilian Society for Studies of Transnational Companies and Economic Globalization (Sobeet).
Brazil came in 5th place, behind Indonesia, India, the United States, and China.
"The country had been gaining ground over the last four years, but this year it lost market share to Indonesia. We remain in a prominent position, but we are starting to lose ground," commented Luis Afonso Lima, president of Sobeet, in [year]. G1 matter.
According to UNCTAD, Latin America is the region with the lowest expected growth in foreign direct investment (FDI) in the long term. The agency forecasts an increase of only 4% in FDI inflows to the region in 2014 compared to 2011. In contrast, developed economies are expected to see a 24% increase in FDI, and developing economies a 23% increase.