Igor Cornelsen Unveils Tricks To Brazilian Investment Post-Dilma
The most recent years in Brazil were led by President Dilma Rousseff until she was eventually impeached and removed in 2016. It has been a troubled economy for Brazil which has not seen any economic growth under her watch, but some of the private banks of the country were still able to see their shares rise by as much as a third.
Brazilian banker and investment expert Igor Cornelsen has given his advice which was originally posted on prnewswire.com as to how this was accomplished. See the end of this article for a link.
Brazil is certainly one of the top attractive markets in South America, and some of these banks have the knowledge and experience to weather even the trials and tribulations that came with the first ever impeachment of a democratically-elected woman president. Here are Mr. Crnelsen’s tips:
- Ten major players contribute to Brazilian Banks
As the 8th largest economy in the world, Brazil holds true to 10 major private and state owned commercial banks to handle the bulk of the work. Banco Itau has been seen by many as a phenomenal case since a merger with Unibanco has led to massive growth. Citibank Brazil holds its own as a part of the largest multibank in the world. Then there is HSBC, Banco J Safra, Banrisul, Santander, BTG Pactual, Banco Bradesco, Caixa Economica Federal, and Banco do Brasil.
- A new innovative face could help shift trajectories
Joaquim Levy has taken up his role as the new finance minister of Brazil in order to promote ideas which are quite different from Dilma’s legacy. He will utilize his PhD from the University of Chicago in collaboration with IMF experience to affect new change.
- China deserves attention
The largest trading partner of Brazil is China which means that they mutually reflect each other in many ways. Connected markets and trading partners deserve attention by investors.
- The Brazilian Real
The Brazilian Real has long been a currency that is overvalued. The new admin should help keep the devaluation at a controlled pace in order to get things stable again in this regard.