It took only one week into 2019 for Brazil to show how Jair Bolsonaro election is creating a very positive effect on the Brazilian economy.
Kenneth Rapoza, senior contributor from Forbes – specialized on business and investments in emerging markets – says in its article “Brazil is on track to be the best-performing market this quarter, if not in the first half of 2019.”
Considering the biggest, passive trades in the market, “the iShares MSCI Brazil is beating the SPDR S&P 500, Russia, India, China (duh), Mexico, FTSE Europe, Japan and the broader MSCI Emerging Markets Index”, he claims.
As for rating agencies forecasts, Fitch Solutions is predicting Brazil’s GDP to grow up to 2.4% in 2019, up from 1.3% in 2018. Fitch Solutions believes “Brazil’s economic recovery will pick up steam over the next couple of quarters, Fitch Solutions researchers wrote in a report published on Tuesday. They cited positive business sentiment bolstered by Bolsonaro’s new administration.” All this news and forecasts means Brazil’s becoming an important destination to invest in 2019.
This also means great opportunity to Omega Assets Management’s clients – as we the present them with the best business opportunities, due to our extensive knowledge and researches on the Brazilian real estate market.