Passeio das Águas Shopping was officially opened yesterday by the executive team of Sonae Sierra the developer, the vice-prefect of Goiânia and the governor of the state of Goiás.
It comprises c. 78,000 sq m of ABL (leaseable area) on a plot of 280,000 sq m.
Its wide curving avenues with comfortable wooden bench seating, green outlook / entrance, valet parking, children’s play area, and most notably the huge airy ‘praça de alimentação’ (eating area) with its 12m high ceiling and green vista combine to create a relaxing place to spend one’s leisure time, and money.
This is a hugely impressive development with a relaxed air which contrasts sharply with many other shopping centres where the praça de alimentação is canteen-like at the top of the building.
It will create / has created over 6,000 new jobs and represents the biggest stamp of confidence on Goiânia in many years.
Brazil needs to evolve to be more competitive on the global stage. Infrastructure, government efficiency, corruption in politics are cited as reasons for the deterioration from 48th place to 56th place (out of 148 places). Macroeconomic conditions are also cited as a reason together with Brazil’s protectionist approach to international trade.
Brazil is a few places above India (60th) and The Russian Federation (64th) but far below China at 29th place.
The UK slips 2 places to 10th, and Switzerland retains the top position.
Full Global Competitiveness Report 2013-2014.
There were no surprises at the IMF’s decision to maintain their growth estimate for 2013 at 2.5% today, but the decision to reduce the 2014 estimate from 3.2% to 2.5% took some by surprise.
The countrywide figure of 2.5% masks huge regional variation in Brazil. Agriculture has performed very strongly this year following the reduction in the value of the Real and regions where agriculture is one of the principal economic drivers – such as Goiás – are likely to show stronger growth than 2.5%.
At 2.5%, the growth estimate for 2014 is the lowest among key emerging economies, according to the IMF:
GDP growth estimates by IMF @ 8-Oct-13
Country 2013 2014
Brazil 2.5% 2.5%
India 3.8% 5.1%
China 7.6% 7.3%
Russia 1.5% 3.0%