Brazil: How the Troubled Nation can Prosper

Brazil has fallen from grace, its prospects clouded by social unrest and disappointing economic data. Can the commodity economy bounce back to profitability?

HSBC Global Asset Management 4 November, 2013 | 12:29PM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Eduardo Jarra, HSBC's head of macro research and strategy for Brazil, weighs up the county's prospects.

Not so long ago, headlines about Brazil mostly revolved around its strong growth and future prospects. However, nowadays headlines seem to focus more on disappointing economic data and problems impacting the country’s prospects.

We believe that the true picture has elements of both: perspectives are not as rosy as perceived in the past but also not as negative as currently believed. If this is a reasonable view, one could expect a future path that will show some improvement, especially in terms of economic growth, probably accompanied by heated discussions regarding future challenges.

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About Author

HSBC Global Asset Management  is the core investment business of the HSBC Group. The business manages assets totalling US$409 billion and is a leader in emerging markets funds.

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