Brazilian capital markets recover after government’s economic U-turn | World Finance

Brazil’s economy has been recently rocked by scandal after scandal. The Bovespa index had its worst day since 2008 in May 2017, when newly appointed president Michel Temer was named in yet another bribery investigation. But the story of Brazil is one of two halves, explains Huw Jenkins from Latin American investment bank BTG Pactual. The first is its recent political instability, but the second is its recovery from recession. President Temer’s new economic team and positive legislation are pushing the country back to a place where investors have confidence – and infrastructure, real estate and retail are all now seeing strong growth in activity. Watch the second half of our interview with Huw, where he dives deeper into the equity issuances and M&A activity that’s come back to Brazil in 2016-17.

For a full transcript visit: https://www.worldfinance.com/videos/brazilian-capital-markets-recover-after-governments-economic-u-turn
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