Looking beyond politics
Politics continue to dominate market sentiment. Doubts about the capacity to sustain the current economic model in coming years and a highly unpredictable Presidential election have fuelled recent market swings. But would a confidence shock alone be sufficient to raise Brazil's growth trend? We don't think so.
Why Brazil fails to deliver on potential
A rebound in sentiment could lead to a better growth outlook in the short term but would likely be insufficient to boost Brazil's medium to long-term growth trend. This is because a large part of Brazil's slowdown has clear structural roots, in our view.
Showing posts with label Reforms. Show all posts
Showing posts with label Reforms. Show all posts
Thursday, October 9, 2014
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