Leading multinationals express cautious optimism over the change of governments in Brazil.
BY JOACHIM BAMRUD
Top executives at foreign multinationals are cautiously upbeat on the business outlook in Brazil, Latin America’s largest economy, after the country got a new pro-business interim government.
That optimism stands in stark contrast with widespread pessimism before the change of governments as a result of a major economic and political crisis and a lack of business-friendly policies in the previous government of Dilma Rousseff, who was suspended as Brazil's president on May 12 for 180 days while awaiting trial on charges of violating budget rules.
The new government, led by interim President Michel Temer, includes Finance Minister Henrique Meirelles and Central Bank president Ilan Goldfajn, both widely respected among investors and economists.
“Both Mr. Meirelles and Mr. Goldfajn are known and well-respected leaders who are going to need to make some difficult choices,” says Woods Staton, Executive Chairman of Argentina-based Arcos Dorados, the world’s largest McDonald’s franchisee. “However, we are optimistic that ...
Keywords: Arcos Dorados, Brazil, DHL, SAP, Trade, Transport
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