SOLD OUT! Brazil: Midyear Economic and Political Outlook

SOLD OUT! Brazil: Midyear Economic and Political Outlook

Join Us on August 1, 2018 Time: 8:00 AM to 10:30 AM Location: Proskauer Rose LLP, New York, New York
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Brazil is in the grips of a presidential election, marked by unusual uncertainties. A string of unprecedented corruption scandals, trials, and convictions have entangled nearly all the  political parties as well as the highest levels of government. It has created an electorate that is resentful, angry, and fed up with the political class. The anti-establishment view is widespread. Many are turning away from politics and the polls. A security/safety crisis  deepens the sense of loss and disenfranchisement and encourages extremists.

Meanwhile, the recovery from the recession has faltered and now stalled. Perhaps it is just a temporary downturn following the recent transportation strike, but GDP growth forecasts have been lowered to 1-1.5%, far from the 3-4% optimistically projected at the start of the year. There has been considerable progress in fiscal adjustment, but public debt has grown from 51.5% of GDP in 2013 to 74% today, and could soon reach 100% unless the fiscal program begun by the current administration is maintained by the next President. 

For all his unpopularity, personal and political mistakes, President Temer has been served by an exceptional economic team. He supported and maneuvered through Congress some of the fundamental reforms needed to address the fiscal risks and improve the competitiveness of the Brazilian economy. None of this is in the campaign agenda. The reforms are ill understood, maligned by powerful interest groups, and held with contempt by several of the leading contenders, who appear willing to sacrifice the economy in pursuit of electoral victory.  

Join us for our traditional mid-year outlook for a measured and forward-looking discussion of the prospects for the economy, the elections and the future of Brazil. 

Moderator
Paulo Vieira da CunhaPartnerVERBANK Consulting, LLC
 

Speakers
José Guilherme Almeida dos Reis
Executive Director-Brazil and Suriname, Inter-American Development Bank
Christopher GarmanManaging Director, The Americas, Eurasia Group
Alberto RamosManaging Director and Chief-EconomistLATAM, Goldman Sachs
Drausio GiacomelliHead of EM Research, Deutsche Bank Securities
Claudia Ribeiro de Castro, Director & Senior Analyst, EM, Oppenheimer Funds

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General Information

Event Topic

Brazil: Midyear Economic and Political Outlook

Type of Event

Breakfast Seminar

Date of Event

August 1, 2018
8:00 AM to 10:30 AM

Event Registration Fees

Member: $ 0.00 Non-Member: $ 50.00

Location

Proskauer Rose LLP
11 Times Square
(41st Street and 8th Avenue)
New York, New York 10036-8299
United States