Brasília – Lackluster economic performance in Brazil will keep influencing the results of Brazilian businesses at least until mid-2016. The scenario will be ridden with political uncertainty, inflation, and deteriorating investor confidence. So says a report released this Thursday (16gh) by Moody’s, the credit rating agency.
The agency expects Brazil’s Gross Domestic Product (GDP), the sum of all products and services, to be down 1.8% in 2015 and up 1% in 2016. Moody’s believes the federal police’s Operation Car Wash has made investors wary of non-financial corporations in Brazil, limiting the access of Brazilian companies to global markets.
*Translated by Gabriel Pomerancblum
