Many investors in Brazil, including us, have been a little frustrated over the past couple of years with its lack of growth and progress. Gross domestic product (GDP) in Brazil grew a mere 0.2% in 2014 (estimated), a far cry from the 7.5% it saw in 2010.1 However, we believe Brazil has all the elements … Continue reading
By Zacks Equity Research Very few thought that Brazilians would finally vote for the seemingly unpopular president (in the eyes of the global investing world) offering Dilma Rousseff another presidential term. After all, Dilma’s first-term leadership took Brazil to the technical recession in the first half of this year. This technical recession surfaced for the … Continue reading
Brazilian automakers have been struggling recently and are facing the toughest period of time since 1999. The industry registered the sharpest slowdown since then. “It looks like the market is in for a difficult time until 2016,” said Koji Kondo, Toyota Motor Corp’s CEO in Brazil. Labor costs, rising taxes and infrastructure are the crucial and persistent … Continue reading