'Brazil displays economic resilience'

Britons planning to use foreign exchange services to purchase overseas investments may like to look to Brazil.

Investment specialist Martin Spring recently told publication On Target that the country's emerging market may prove lucrative for investors.

The expert highlighted figures from the Organisation for Economic Co-operation and Development that forecast just a one per cent contraction in the country's economy in 2009.

In addition, further figures reveal that next year Brazil is expected to see a four per cent growth in its market, which may inspire Brits to make international payments to assets located in the country.

Mr Spring, said: "The Brazilian economy is riding out the global recession with comparatively little discomfort.

"Brazil's resilience to the global downturn can be attributed to sound policies, such as inflation targeting, a floating exchange rate and prudent management of public finances."

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By Linsey Summers