IHS Global Insight forecasts a 4% growth in construction activity throughout South America in 2010 and, according to Harald Böhaker at Austrian loader crane manufacturer Palfinger, “South America is experiencing a historical economical change never seen before.” In Brazil, for example, development minister Miguel Jorge says the country will invest BRL 1.3 trillion ($ 735 billion) in the infrastructure, industry and construction sectors over the next three years. “We have macroeconomic, political and institutional stability. We have quickly overcome the effects of the international financial crisis and have returned to a path of sustainable growth,” Jorge says, “Our economy is expected to grow by 6% to 6.5% during 2010, which makes this a great time to invest in Brazil.”

Source

http://www.khl.com/magazines/international-cranes-and-specialized-transport/detail/item57681/

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