By  on April 23, 2010

Brazil might not offer luxury brands the same potential in terms of size as Russia, India or China, but it provides more near-term opportunities for expansion, Bernstein Research said in a new report.

Although it is Latin America’s biggest economy, Brazil is often overlooked because its population of 192 million is lower than that of China and India, which both top the one billion mark, the study said. Output has also grown more modestly than in other emerging economies, with gross domestic product rising on average 3 percent a year between 1995 and 2008, versus an average increase of 9.6 percent for China and 6.8 percent for India.

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