Brazilian stock Exchange leads the world in growth in 2018

Brazilian stock Exchange leads the world in growth in 2018

Chamber Articles Category: Economic News Post Date: 04/10/18 Source: BrazilGovNews By: BrazilGovNews
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As Brazil continues to benefit from the return of growth and curbed interest rates and inflation, the São Paulo Stock Exchange (B3) has seen an unprecedented growth curve. In addition to achieving historical highs, the Brazilian stock market beat the performance of some of the largest stock exchanges in the planet. This means more people betting on national companies and the future of the country.

A survey made by the Brazilian government portal shows that the Ibovespa (the B3’s benchmark index) saw the highest growth rates in the world in the first quarter of 2018. While the Brazilian stock market went up by 8.65% in Q1, the runner up in the list, Argentina, showed a high of 3.87%.

The figures also show that Brazil is bucking the trend of developed country stock markets, such as London, Hong Kong and New York, which faced bitter losses in those first three months of the year. For specialists, the government’s conduction of economic policy has been instrumental for this positive scenario in Brazil. Read Full Article