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Our new report ‘Brazil – A Shifting Growth Model’ finds that a large population, growing middle class and considerable natural resource endowments should keep Brazil on international investor’s radar.
However, a rise in protectionism and state interventionism has contributed to an economic slowdown and diminished prospects, leading investors to look elsewhere in Latin America for new opportunities.
The medium-term outlook is now 3-3.25% annual GDP growth, below the average of 4.5% seen in 2004-2010.
Will policymakers’ tolerance of higher inflation rates, declining domestic savings rates and increasing wage expectations threaten Brazil’s investment environment in the future?