MercadoLibre Optimistic on Brazil Economy After 2018 Hurdles

Latin America’s largest e-commerce retailer is optimistic that economic growth is set to pick up in Brazil, its biggest market.

MercadoLibre Inc. expects a turnaround in the country, Chief Executive Officer Marcos Galperin said in an interview with Bloomberg Television, rejecting the views of economists who have slashed their forecasts for the region’s biggest economy. The retailer’s profitability was hurt last year after postal service Correios hiked freight fees, adding to woes caused by a trucker strike that paralyzed the country for 10 days.


By Carolina Millan and Paul T. Sweeney


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