Publish in Special Reports - Wednesday, January 2, 2013
Investments tied to the 2016 Olympics in Rio will have a positive effect on Brazil's economy this year but deficient infrastructure also remains a major challenge. (Photo: Klaus with K)
Foreign multinationals are generally optimistic about the business outlook for Brazil this year despite several major challenges.
BY JOACHIM BAMRUD
After a weak 2012, Brazil is expected to see a comeback this year. Its economy will likely expand by 4 percent, according to the International Monetary Fund and the United Nations Economic Commission for Latin America and the Caribbean. That compares with an estimated 1.0 percent expansion last year – its lowest growth since the 2009 global crisis.
“Lower interest rates and President Rousseff’s measures to boost the economy should help Brazil come back to a stronger pattern of growth,” says Olivier Puech, Senior Vice President for the Americas at Nokia.
Jaime Ardila, President of South America for General Motors, concurs. “The Brazilian government has applied a massive dose of ...
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