Fuente: www.consultant-news.com Fecha: 24.05.2010
Ernst & Young: What's powering the Brazilian economy
This week William Casey, a partner in Ernst & Young LLP's Transaction Advisory Services practice, interviewed Henrique Meirelles, Governor, Central Bank of Brazil, to discuss Brazil's investment climate, transactions landscape and market outlook. With a quick emergence from a recession relative to the rest of the world, Brazil is seen as an attractive and growing deal market.
This webcast was the first in a series called "Executive briefings, one-on-one with..." that will highlight a business or government leader to provide real-world experiences on critical, timely topics.
"Brazil is an attractive destination for global companies and private equity firms looking to take advantage of the country's solid growth prospects," says Casey. "Brazil has been a key player in the transaction market over the last two years, and strong fundamentals continue to provide a dynamic environment for growth and investing. As Governor Meirelles noted, some of the sectors that are the most active are those spurred by growth itself, such as infrastructure, transportation and education."
Governor Meirelles pointed to a growing middle class and burgeoning domestic consumption as key drivers of growth. "Brazil is a very important market for some companies, and that itself means more investment in the country," said Governor Meirelles.
The governor projected continued growth, and noted that strong and precise action on the part of the Central Bank of Brazil can be credited for the country having weathered the global economic crisis so well. "I see a very strong year," said Governor Meirelles, referring to the rest of 2010. "Our challenge is now to make sure that [this growth] is sustainable."
Governor Meirelles also pointed to a strong future for private equity in Brazil. "The market is getting broader and deeper, and as that process continues, we'll have more opportunities for private equity to get into the market," said the Governor.
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