Once a year, stay in great hotels, have a fantastic holiday and shop till we drop and it’s still cheaper than shopping in Brazil. That remain in the doldrums.President Barack Obama recently ordered the State Department to speed up the visa application process for tourists coming from Brazil, China and other nations with newly flush consumers.After suffering decades of hyperinflation, Brazil has ridden high commodity prices along with some of the world’s biggest offshore oil discoveries to expand its economy, lift millions out of poverty and multiply the ranks of the country’s deep pocketed elite.The buying binge also shows off the muscle of the country’s mushrooming middle class, which has expanded by 40 million people since 2003. That’s been bolstered by the growing use of credit cards, bank loans and other forms of consumer credit.But it’s not just the easy money that has transformed Brazilians into world class shoppers.Stiff tariffs on all imports push the prices of foreign made goods into the stratosphere at home.
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