CEOs Upbeat About Brazil, Less So on Mexico, Argentina

CEOs are upbeat on the outlook in Brazil, Latin America's largest economy, this year. Here the famous landmark Christ the Redeemer in Rio de Janeiro. (Photo: Rio de Janeiro State Government)

Woods Staton, Executive Chairman of Arcos Dorados; José S. Suquet, Chairman, President and CEO of Pan-American Life Insurance Group and Alberto J. Bernal, Chief EM and Global Strategist at XP Investments. (Latinvex collage)

Wednesday, January 22, 2020

Special Reports

CEOs Upbeat About Brazil, Less So on Mexico, Argentina

Optimism that Colombia won’t follow Chile in terms of unrest.

BY JOACHIM BAMRUD

CEOs are expressing optimism over Brazil and Colombia, but are less upbeat when it comes to Mexico and Argentina.

“The overall business outlook for Latin America in 2020 is currently mixed,” says Woods Staton, Executive Chairman of Arcos Dorados, the world’s largest McDonald’s franchisee. “We expect to see continued strength in Brazil and modest progress in the economic and business trends in Mexico and Colombia this year.”

José S. Suquet, Chairman, President and CEO of Pan-American Life Insurance Group, concurs.

“If Brazil’s central bank...

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Keywords: Argentina, Brazil, Central America, Chile, Colombia, Ecuador, Mexico, Peru, Venezuela