Brazil Living Costs Surpass US; Economist Warns of Risks
February 1st, 2012
São Paulo: Making Manhattan look cheap.
By Filipe Pacheco
High costs are one of the prices international companies must pay for doing business in Brazil– especially when it comes to the services industry. Now one of the most plugged-in financial institutions in the world, the International Monetary Fund, has released numbers that demonstrate what many suspected anyway: The cost of living in Brazil in 2011 rose to slightly higher than that of the United States.
