Brazil Trails Swaziland in World Bank Competitiveness Study
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Brazil slipped six places in the World Bank’s annual competitiveness study, as the world’s seventh-largest economy fell behind countries including Swaziland and Nicaragua for the ease of setting up a business.
Brazil slipped to 126th place among 183 economies ranked in the World Bank’s Doing Business survey published yesterday. The decline comes even as Brazil’s central bank expects record foreign direct investment this year of $60 billion and the country invests in roads, ports and stadiums ahead of its hosting the 2014 World Cup and 2016 Olympics.