Brazil 2013: Positive Business Outlook

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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