Luiz Carlos Trabuco cautionary interview on Brazil’s economic recoveryJuly 24, 2018 - Author: steph - No Comments
Luiz Carlos Trabuco, the former president of Banco Bradesco, and Entrepreneur of the Year in 2015 attended the World Economic Forum this past January in Switzerland. Mr. Trabuco was among the other world leaders in economics and government leaders in attendance during the annual economic forum. This annual meeting has been taking place since 1971 and acts as an arena that promotes entrepreneurship on the local and global scale. Having an almost 50 year professional career working for one of the largest and most successful financial institutions in Brazil, Luiz Carlos Trabuco had the opportunity to give his opinion on the economic situation of Brazil. Read this article about Luis Carlos Trabuco at Estadao.
Brazil holds the largest economy in Latin America, and because of this, their economy affects many nations that makeup Latin America throughout South American and Caribbean. Brazil has been, over the last five to seven years fighting its way out of terrible rescission that has left a huge government debt and a need for more economic stimulation. Depending heavily on the successful implementation of public private partnerships (PPPs), the government has been able to lower its debt and get many infrastructure solutions implanted. In 2014 the country reported strong economic data that indicates the country has turned a corner on the path to more prosperity and economic growth. Read this article at jusbrasil.com.
Luiz Carlos Trabuco, however, is not so quick start drinking campaign and celebrating just yet. Mr. Trabuco has tremendous experience in marketing and finance, and generally in what takes to create a truly healthy economy. Trabuco notes, Brazil is in the very beginning of an economic recovery and it is entirely too early to be able to get a true measure of where the country is. Referred to by Luiz, an economic recovery cycle is what the country is currently undergoing. During the economic recovery cycle, it is expected to see hugely positively numbers early on. However, as pointed by Luiz Carlos Trabuco there is a need for a lot more time to be able to truly asses the economy. Luiz also detailed the need for the government of Brazil to control spending and lower the national debt.