Bradesco sees no insurmountable problems in Brazil.
Octavio de Barros, Director of Macroeconomic Research at Bradesco, highlighted the Brazilian macroeconomic scenario "in an environment of incipient global recovery": "The dynamics of world trade are suggesting global GDP growth below what rating agencies suggest"; according to him, the bank expects 2015 to be similar to 2003, which had "a first semester of adjustments and reforms and a second semester of recovery of confidence".
247 - Bradesco's Director of Macroeconomic Research, Octavio de Barros, stated that, despite the challenges facing the Brazilian economy, "there are no unsolvable problems."
In a lecture for investors at the Association of Analysts and Investment Professionals of the Capital Market (Apimec) Rio, he highlighted the Brazilian macroeconomic scenario "in an environment of incipient global recovery." "The dynamics of world trade are suggesting global GDP growth below what rating agencies are predicting," he stated.
For 2014, the bank says it is forecasting growth in the country's Gross Domestic Product (GDP) of 1% and 1,5% in 2015. It also states that the coming year will be similar to 2003, which had "a first semester of adjustments and reforms and a second semester of recovery of confidence."