Brazil, an investor's darling prior to 2010, is on an upswing again. As it prepares to host the 2014 World-Cup and the 2016 Olympics, its government is spending billions on infrastructure—urban mobility, airports, telecom, energy, and the like—to prepare for the events. "The impacts from these investments will be much more relevant for Brazil than for other host countries, such as Germany, Japan and France, that already enjoyed advanced infrastructure networks prior to the events," says Nan Goldfajn, Chief Economist at Itau Unibanco, the largest financial conglomerate in the Southern Hemisphere, and the 15th-largest bank in the world by market value. "According to our estimates, the World Cup alone should add a cumulated 1.5 percent to GDP between now and 2014, and create 250,000 jobs."
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