2025 Brazil Economic Conference
Discover essential insights into Brazil's current and future economic landscape.
Gain exclusive insights into Brazil’s economy and connect with key decision-makers at the Brazil Economic Conference.
Organized annually since 1988, the Brazil Economic Conference is the premier event providing in-depth analysis and forward-looking perspectives on Brazil’s economic and regulatory landscape.
Held in October in Washington, DC alongside the fall meetings of the World Bank and IMF, the conference convenes key stakeholders, including Brazil’s Minister of Finance, Central Bank President, and senior diplomats, as well as leading investors, bankers, and corporate executives. The event serves as a key platform for strategic dialogue on Brazil’s macroeconomic conditions, investment climate, and bilateral economic relations with the United States.
The Brazil Economic Conference is regarded as the premier forum for gaining strategic insight into Brazil’s economic trajectory.
More information about the 2025 Brazil Economic Conference below.
Estaiada bridge, são paulo
2025
Brazil Economic Conference
KEYNOTE SPEAKER:
- Ambassador Clifford M. Sobel, Former U.S. Ambassador to Brazil; 2009 Person of the Year; Senior Partner & Co-Founder, Valor Capital Group
WELCOMING REMARKS:
- Evelyn Balassiano, Partner, White & Case
- Will Landers, President and Chairperson of the Board, Brazilian-American Chamber of Commerce
EVENT OVERVIEW:
Shifting commercial relations, the convictions of Jair Bolsonaro and his associates, and the evolving agenda for the 2026 presidential elections dominate both headlines and concerns surrounding Brazil’s short-term outlook. Uncertainty remains elevated; nonetheless, the economy is performing relatively well. Growth is decelerating, but unemployment is at historic lows, and real incomes are proving resilient despite persistent inflation – bolstered in part by expansive public assistance programs and innovative credit expansion.
Inflation remains a challenge, yet high real interest rates – upheld by a vigilant Central Bank – have helped preserve policy credibility. Expectations point to further moderation in both economic activity and inflation, which is a positive development.
The perennial issue, however, is fiscal policy. Current frameworks for controlling public spending have proven ineffective – even counterproductive – particularly as real minimum wage increases continue without corresponding reforms to pensions or social assistance. Complex spending rules tied to earmarked revenues leave little room for budgetary adjustments. While new stratagems may make the 2025 fiscal target attainable, the outlook for 2026 appears well beyond reach, with the debt-to-GDP ratio projected to rise further.
This raises concerns about financial stability. Still, the market appears to accept that meaningful fiscal adjustments will only materialize after the elections. For now, as long as this uncertain equilibrium holds, the market is willing to continue funding the government.
Against this complex and shifting backdrop, our panel was well positioned to deliver an insightful and informed discussion on Brazil’s economic prospects.
Panel I
Panel II
Brazil: Economic & Political Outlook
MODERATORS:
- Drausio Giacomelli, Managing Director, Deutsche Bank Securities
- Paulo Vieira da Cunha, Founder, Verbank Consulting, Former Director, Central Bank of Brazil
SPEAKERS:
- Carlos Thadeu Freitas Gomes Filho, Senior Economist, BGC Liquidez (Virtually)
- Vinicius Moreira, Senior Economist, J.P. Morgan
- Roberto W. Secemski, Chief Brazil Economist, Barclays
- Carlos Sequeira, Head of Research, BTG Pactual
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