Igor Cornelsen wrote and released an article about a few important tips regarding investing in Brazil. Brazil is the center of a lot of traffic from tourism, and in 2016 Rio was the host of the 2016 Summer Olympic Games. On top of all the traffic, Brazil is an enormous country with an economy to match, and the Brazilian economy is second only to the United States in size in the Western Hemisphere. The original article was published at prnnewswire.com.
Igor Cornelsen points out all of the attention the Brazilian economic climate is receiving despite everyone’s obsession with the great sporting events that happened there in 2014. One of the prevailing observations is the “new economic matrix” failed Brazil. Most of the problems the country is currently facing has to do with President Dilma Roussef. Apparently, the president made a promise to the people of the country to change policy directions, which led to her reelection, but President Dilma Roussef has backtracked, and she is sticking to policies that favor populism.
It is unlikely the popular policies will remain popular for long though. Based on claims made by the article, which was published in 2014, there was no economic growth that year. The greatest hope Brazil has is to return to the pre-2008 economy, which focused on a far more free market. It just goes to show what can happen when a politician promises to give everyone everything.
Igor Cornelsen asserts in his original article that the so-called “new economic matrix” did damage to stock prices by slashing them within the various markets. The stocks and markets most negatively affected were the ones targeted by the government. The growth rate of the GDP is less than two percent, which has cost investors dearly for over six years.