Investment gear.

Position:LT CFO: SAO PAULO
 
FREE EXCERPT

[ILLUSTRATION OMITTED]

[ILLUSTRATION OMITTED]

The Brazilian government has become more investment friendly as it launched a series of concessions in roads, railways, airports, and tentatively, ports. "Even though it was not a sea change, the situation is improving and there is now a good chance that investment will increase by 5 percent this year," said David Beker, chief Brazil economist and fixed income strategist at Bank of America Merill Lynch, during the Latin Trade CFO Forum held in Sao Paulo, April 10. Beker forecast GDP growth to increase from 3 percent to 3.5 percent this year against a background of modest economic growth in the U.S., a soft landing in China and still some tail risks stemming from the European crisis. There are domestic risks, too, he implied. Brazil 'already has an inflation issue, and its fiscal accounts have been deteriorating. "The balance between growth and inflation has deteriorated a lot," he said 'although he ailed out a Turkey-like or Argentina-like...

To continue reading

FREE SIGN UP