CEOs are generally upbeat on Brazil this year.
BY JOACHIM BAMRUD
Multinational executives are generally upbeat on Brazil.
“Brazil’s growth is nothing short of remarkable,” says Alvaro Diago, Chief Operating Officer, Latin America and Caribbean, InterContinental Hotels Group. “Brazil was recently announced to have overtaken the UK as the world’s sixth largest economy, and with current growth trends, could be number four by 2020.”
Leo Rodriguez, President of Latin America for Emerson and Emerson Process Management, agrees. “Brazil is experiencing tremendous growth even with the news of a recent slowdown,” he says.
Executives say that the 2014 World Cup in soccer and 2016 Olympic Games in Rio de Janeiro will help boost the economy even as 2012 shows a slowdown compared to fast-paced 2010, when the economy set a 25-year record in economic expansion.
However, some executives have a more pessimistic outlook on Brazil this year.
“Brazil…has a very complex economic outlook for 2012,” says Jaime Szulc, President Goodyear Latin America.
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