How to profit from Brazil’s infrastructure splurge

It’s all gone wrong for the Brics. Brazil, Russia, India and China were meant to dominate the global economy in the near future. As it stands, Russia remains hopelessly dependent on oil, India can’t get its act together at all, and China is suffering a hard landing. As for Brazil, falling commodity prices (a knock-on impact of China’s landing) are likely to hit growth this year. The country is also suffering a major credit bubble. My colleague Merryn Somerset Webb thinks that property in Brazil is overdue a fall. But while we’re bearish on the market overall, there are still some pockets of opportunity in Brazil – here’s why…