Brazil private banking debate: Brazil’s problems prompt safety-first approach
Private banking clients in Brazil face challenging times, bankers concede. The economy is under pressure and the country could yet suffer stagflation. Furthermore, an unpredictable presidential race leaves markets in limbo. However, bankers are confident their well-educated client base will not over-react, and instead maintain their long-term strategies
|• Brazil’s economy is struggling and could face stagflation
• Close presidential race adds to uncertainty
• Private bankers advocate a safety first investment strategy
• However, Brazilian clients are better educated than ever and maintain their risk profiles
• Use of credit is rising
Euromoney As we sit here in São Paulo in early August, with an election a few months away, how are clients responding to Brazil’s current, complex situation?