Investing in Brazil is considered to be one of the most lucrative decisions these days in the corporate sector as well as by the institutional investors. It is primarily because Brazil is one of the fastest growing economies in the world and it has been growing consistently since the past couple of decades.
Even though the last government in Brazil of Dilma Rousseff couldn’t implement some significant economic reforms that the world community was expecting and the country’s economy suffered due to it, things are streamlined now under the new government.
Igor Cornelsen is a banking expert from Brazil and has the experience of working with some of the most significant banks in the country. It has given him a good idea of how the Brazilian economy works and what needs to be done to maximize returns from the investments made in Brazil.
Igor says that the first thing that the investors should take note of is the banking system of the country and also know about the top ten banks in the country. He believes that understanding the banking system is integral to the success of the investments made in Brazil.
Any and all financial moves made by banks in Brazil should be closely followed to predict the country’s economic growth and momentum. Learn more about Igor Cornelsen: https://bs.linkedin.com/in/igor-cornelsen-86830840
Igor also mentioned that it is essential to know about the finances and the economics of the trading partner of Brazil, especially China. It is because China is the most prominent trading partner of Brazil and their economies are interlinked. So, if China is faring well economically, it would automatically spiral upon the economy of Brazil and vice versa.
Igor Cornelsen said that the new finance minister of Brazil, Joaquim Levy, is confident about speeding up the economic growth of the country and getting rid of the populist economic policies implemented by the previous government.
Igor says that the currency of Brazil is overvalued and it is a big hurdle in the manufacturing and export sector of Brazil. He hopes that the currency can realize its actual value soon so that manufacturing and export sectors can benefit from it.