What Brazil needs to really grow

By Solange Monteiro Resilience and flexibility seem to be core beliefs of moderate optimist Paulo Stark, CEO of Siemens Brazil, when he talks about his business and Brazil’s economy. Stark, an engineer who began his career with Siemens more than two decades ago, sees investment intentions being rethought as a result of the escalation of … Continue reading What Brazil needs to really grow

Where does Rio go next?

By Solange Monteiro Rio de Janeiro city celebrates its 450th birthday this month amid questions about what permanent gifts the World Cup, Olympics, and discovery of deep-sea oil will leave for the city. Between announcements of huge investments and ambitious revitalization plans on the one hand and inflation above the national average eroding the purchasing … Continue reading Where does Rio go next?

Economic Climate Index for Latin America falls

The Ifo/FGV Economic Climate Index for Latin America (ECI) - developed in partnership between the German Ifo Institute and the FGV taking as a data source the Ifo World Economic Survey (WES) – decreased by 6.3%, going to 75 points in January 2015 from 80 in October 2014. The decline stems from worsening of both … Continue reading Economic Climate Index for Latin America falls

Brazil’s 2015 economic outlook: Rebalancing will not be easy

By Solange Monteiro Dramatic events in the second half of 2014 transformed the scenario at the turn of the year in Brazil into a big question mark. The fierce presidential race, the deterioration of economic indicators, and allegations of corruption at state-owned oil company Petrobras heightened the already anxious expectations about 2015. Can the course … Continue reading Brazil’s 2015 economic outlook: Rebalancing will not be easy

Brazil Inflation: Nowhere to go but up?

By Thais Thimoteo If in 2013 producers and consumers split the cost of price increases evenly, in 2014 the cost of inflation has fallen squarely on the consumer. Through November 2013 12-month inflation went up to 5.6% as measured by the General Price Index 10 (IGP-10) calculated by the Brazilian Institute of Economics, Getulio Vargas … Continue reading Brazil Inflation: Nowhere to go but up?

OECD urges Brazil to tackle foreign bribery

Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery. Since Brazil joined the Convention in 2000, of the 14 allegations identified in the report, only five have been investigated and three investigations are … Continue reading OECD urges Brazil to tackle foreign bribery

A glimpse of Brazil after the elections

By João Augusto de Castro Neves of the Eurasia Group Brazil is witnessing one of the most competitive and thrilling presidential elections in nearly a quarter of a century. In the last three months, polls had the three candidates alternating in the lead. Now, with the second-round runoff between President Dilma Rousseff (Workers’ Party, PT) … Continue reading A glimpse of Brazil after the elections

Global growth continuing at a moderate pace

A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment. While the global recovery continues at a moderate rate, the outlook … Continue reading Global growth continuing at a moderate pace

Brazil’s Next 10 Hottest Business Cities – 2014 Edition

By Arnout Nuijt 2014 EDITION - Ever heard of Uberlândia, Joinville, Ribeirão Preto, Sorocaba or Londrina? Well, you may soon, as they are among Brazil's next generation of big business cities. No doubt the biggest and most important business centres of Brazil are still the megacities of São Paulo and Rio de Janeiro. Further afield, … Continue reading Brazil’s Next 10 Hottest Business Cities – 2014 Edition

Why is Brazilian productivity so low?

For decades low productivity has been responsible for the poor performance of Brazil’s gross domestic product (GDP). Today, FGV-IBRE's The Brazilian Economy reports, increasing productivity -which rebounded slightly last year but is still far from stellar - is more urgent if the country wants to achieve more robust economic growth without pressure on wages and … Continue reading Why is Brazilian productivity so low?

EU maintained trade surplus with Brazil in 2013

EU28 exports to Brazil in 2012 amounted to 39.7 billion euro and imports to 37.4 bn. The EU28 registered a continuous deficit in trade in goods with Brazil up to 2011, with a peak in 2007, turning to a surplus of 2.3 bn in 2012. The first nine months of 2013 confirm the most recent … Continue reading EU maintained trade surplus with Brazil in 2013

Has Brazil really entered recession? Then here is what to do

By Arnout Nuijt Positive news about Brazil’s economy is hard to find these days. In fact the bad news is piling up. A recent report by the Financial Times of London, quoting Brazil Central bank figures, suggests the country has entered technical recession more than 7 months ago by shrinking slightly for two consecutive quarters … Continue reading Has Brazil really entered recession? Then here is what to do

LatAm economic climate improves, Brazil’s worsens

The Ifo/FGV Economic Climate Index for Latin America (ECI)  advanced, after having been stable in the last two surveys (July and October 2013). The 8% increase in the ECI (to 95 from 88 points) is explained by both the improvement in assessments of present conditions (PSI) and expectations (EI), but only the latter one went … Continue reading LatAm economic climate improves, Brazil’s worsens

World Bank improving Rio Public Service Delivery

More than 16 million people living in the Rio de Janeiro State will benefit from a new US$48 million loan approved today by the World Bank Board of Directors. The loan will finance a project designed to improve the delivery of public services. The Rio State Strengthening Public Management and Integrated Territorial Development Technical Assistance … Continue reading World Bank improving Rio Public Service Delivery

Brazilian Economy: The Price of Violence

Brazilians see themselves as cheerful, hospitable, and peaceful, yet this picture is contradicted by data on violence and crime. Brazil is the 18th most violent nation in the world, according to the Avante Brasil Institute. The 2013 Human Development Report of the United Nations Development Programme (UNDP) pointed out that insecurity is an obstacle to … Continue reading Brazilian Economy: The Price of Violence

World Bank warns of emerging markets risks

The world economy is projected to strengthen this year, with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis, says the World Bank’s newly-released Global Economic Prospects (GEP) report. The firming of growth in developing countries is being bolstered by an … Continue reading World Bank warns of emerging markets risks

Rediscovering the Americas: The World’s 15 Best Countries for Business in 2014

The US, Germany, Poland and Mexico are among next year’s Best Countries for Business. Rotterdam Week in cooperation with Atlantico Business Development (an international consultancy based in Rotterdam) has selected the best 15 markets of 2014/15 for your direct investment or for exporting your products. This is the first edition of a series of articles … Continue reading Rediscovering the Americas: The World’s 15 Best Countries for Business in 2014

Brazil’s 2014 elections already face headwinds

By Fernando Dantas As Brazil prepares for election year 2014, economic uncertainty is pervasive. It is likely that 2014 will not be as spectacular as 2010, but forecasts of what will actually happen vary considerably. On the negative end, Brazil would encounter a perfect storm that might combine one or more downgrades of its sovereign … Continue reading Brazil’s 2014 elections already face headwinds

For 2014 Brazilian businesses expect to invest less and gain less

The October-November 2013 edition of the Investment Survey by the Getulio Vargas Foundation has obtained data from Brazilian industrial companies on the development in 2013 and expectations for 2014 regarding variables such as investment, employed personnel and sales. 758 companies were consulted, responsible for sales of R$ 534 billion.  ASSESSMENTS REGARDING 2013 The profile of … Continue reading For 2014 Brazilian businesses expect to invest less and gain less

Latin America to grow by 3.2% in 2014

The economies of Latin America and the Caribbean will expand by 3.2% in 2014, which is higher than the 2.6% performance of 2013, according to a new ECLAC report launched today at a press conference in Santiago, Chile. Panama will lead the pack with a growth rate of 7% in 2014, while powerhouses like Brazil … Continue reading Latin America to grow by 3.2% in 2014

Understanding Latin America’s Shortage of Innovative Entrepreneurs

Latin America and the Caribbean is a region of entrepreneurs. The share of business owners per capita is larger than in other regions at similar income levels. Still, according to a new World Bank report, “Latin American Entrepreneurs: Many Firms but Little Innovation,” the region’s future will depend on having more “transformational” entrepreneurs than it … Continue reading Understanding Latin America’s Shortage of Innovative Entrepreneurs

World Bank to improve public services in Acre State, Brazil

More than 700,000 people living in the State of Acre, in the remote Northwest of Brazil’s Amazon Region, will benefit from a program to improve public sector efficiency, particularly in the areas of education and gender equality. The US$ 250 million Strengthening Public Policies for Improved Service Delivery Development Policy Loan was approved by the … Continue reading World Bank to improve public services in Acre State, Brazil

Equities set to rise further in 2014

Equities are set to rise further in 2014 after the world returns to normality, with higher global growth and the end of easy money in the US. These are the key predictions of Robeco’s Chief Economist Léon Cornelissen in his outlook for markets next year. Stocks are Robeco’s preferred asset class for 2014, although returns … Continue reading Equities set to rise further in 2014

Better Urban Transport and Access to Public Services in Rio

More than 11 million people living in Rio de Janeiro’s Metropolitan Area will benefit from new policies designed to better integrate different modes of the city’s transport system. The Enhancing Public Management for Service Delivery in Rio de Janeiro Program, a US$ 500 million policy loan approved by the World Bank Board of Directors will also … Continue reading Better Urban Transport and Access to Public Services in Rio

The Aligment Factor launched on Brazilian market

The Portuguese version of Rotterdam School of Management Professor Cees van Riel’s highly acclaimed book entitled “The Alignment Factor – Leveraging the Power of Total Stakeholder Support”, published last year, has now been presented in Brazil as well with talks in Itaú, São Paulo and Belo Horizonte. Entitled “Reputação: o valor estratégico do engajamento de … Continue reading The Aligment Factor launched on Brazilian market

Economic Climate Index for Latin America remains stable

The Ifo/FGV Economic Climate Index for Latin America (ECI) - developed in partnership between the German Ifo Institute and the FGV taking as a data source the Ifo World Economic Survey (WES) – repeated in October the result of the last survey in July (4.4 points). The stability was determined by the combination of worsening … Continue reading Economic Climate Index for Latin America remains stable

LatAm container handling growing at lower pace

The region's sluggish exports and slower growth prospects for the world economy carried over from late 2012 have accentuated the slowdown in port activity during the first half of 2013, according to ECLAC figures. Panama's Colon is still leading the region's container ports, followed by Santos (Brazil) and in third place Balboa (also Panama). Both … Continue reading LatAm container handling growing at lower pace

Brazilian long-term challenges remain, says OECD

Brazil has moved up the ranks of the world’s largest economies while making economic growth ever more inclusive. Renewed economic dynamism will allow it to continue converging with more advanced economies and ensuring that disadvantaged groups share in the benefits of future growth, according to the OECD’s latest Economic Survey of Brazil. The report points … Continue reading Brazilian long-term challenges remain, says OECD

As Brazil’s protests become a fading memory, the presidential campaign seems increasingly “old school”

By Arnout Nuijt It’s been months now since we saw a completely unpredicted, rare and wild explosion of mass demonstrations and protests against the authorities in Brazil. The protests were not aimed directly at Dilma’s present PT-led government, but at all parties, state governments as well as municipalities, in short Brazil’s corrupt and inefficient political … Continue reading As Brazil’s protests become a fading memory, the presidential campaign seems increasingly “old school”

Foreign Direct Investment Flows to Latin America Rose by 6% in the First Half of 2013

Foreign direct investment (FDI) to Latin America displayed moderate growth in the first half of this year, compared with the year-earlier period in 2012, according to the Economic Commission for Latin America and the Caribbean (ECLAC). The 13 countries of the region that provided data received 102.951 billion dollars, which was 6% higher than the … Continue reading Foreign Direct Investment Flows to Latin America Rose by 6% in the First Half of 2013

Moody’s downgrades Petrobras as it turns 60

As  Petrobras turned 60 years old on October 3rd, Moody's Investors Service downgraded its global foreign currency and local currency debt ratings to Baa1 from A3. The downgrade reflects Petrobras's high financial leverage and the expectation that the company will continue to have large negative cash flow over the next few years as it pursues … Continue reading Moody’s downgrades Petrobras as it turns 60

Mr Eike Batista’s incredible X-factor

By Arnout Nuijt In April 2010 I visited the EBX head offices in Rio together with a couple of foreign business reps. They were both seasoned fellows, gentlemen who had been everywhere and seen it all. For reasons of discretion, let’s call them the Accountant and the Banker. We were curious about EBX, the expanding … Continue reading Mr Eike Batista’s incredible X-factor

Weekend Break in Ouro Preto

By Arnout Nuijt When you are in Brazil’s third economic center, Belo Horizonte, and you have a weekend to spare, there is a range of old colonial towns to visit. One of the most famous is Ouro Preto, or Black Gold, a historic mining center and former capital of Minas Gerais. Once nicknamed Vila Rica … Continue reading Weekend Break in Ouro Preto

Brazil Weekly – September 6th Edition: Rio real estate prices down

The September 6th Edition of Brazil Weekly is ready for you at http://brazil-weekly.com with minimum wages set to rise,  how to avoid spying, exports still up, easy innovation money,  a Coca Cola takeover, more investment in fertilizers,  stock exchange to be overhauled, oil field auction set for Oct 21st, Brazil’s housing bubble,  a new virus … Continue reading Brazil Weekly – September 6th Edition: Rio real estate prices down

Brazil to grow just 1,67% – Brazil Weekly poll

Brazil Weekly readers have spoken. For the last few months we have been running a poll on Brazil’s expected GDP growth in 2013. By the beginning of 2013 officials and foreign observers still worked with the assumption that Brazil’s economy would grow well again this year, some 3-4%. But soon both Brazil’s government and several … Continue reading Brazil to grow just 1,67% – Brazil Weekly poll

Brazil’s Next 10 Hottest Business Cities – 2013 Edition

By Arnout Nuijt Ever heard of Uberlândia, Joinville, Ribeirão Preto or Londrina? Well, you may soon, as they are among Brazil's next generation of big business cities. 2013 (FIND THE 2014 EDITION HERE) - No doubt the biggest and most important business centres of Brazil are the megacities of São Paulo and Rio de Janeiro. … Continue reading Brazil’s Next 10 Hottest Business Cities – 2013 Edition

City Brief: Sao Paulo

By Arnout Nuijt Writing a City Brief about Brazil’s biggest city, its economic powerhouse and home of the country’s cultural, business and political elite, is not easy. São Paulo is simply to big to grasp, as is its impact on Brazil, South America and, no doubt, the rest of the world. The economic heart of … Continue reading City Brief: Sao Paulo

Why you shouldn’t get too excited about Brazil’s new middle class

Bolívar Lamounier is presently director of Augurium, a São Paulo based political risk consultancy. He graduated in Sociology and Political Sciences at the UFMG (1964) and holds a Ph.D. in Political Science from the University of California, Los Angeles (1974). He was among other things member of the commission in charge of drafting Brazil’s constitution … Continue reading Why you shouldn’t get too excited about Brazil’s new middle class

City Brief: Belo Horizonte

By Arnout Nuijt Belo Horizonte, in short "Belô", "Beagá", or "BH" is the capital and main urban center of Brazil’s Minas Gerais State. The city has a population of around 2,5 million inhabitants, but there are approximately 5,5 million people in the Metropolitan Region. That makes BH the third most populous urban region of Brazil … Continue reading City Brief: Belo Horizonte