News on May 17th of a recording of Brazil’s President Michel Temer allegedly discussing hush money for jailed Congressman Eduardo Cunha threw the market into turmoil. In the days following, the local stock market gave up billions of dollars in value while the currency depreciated by nearly 10%. While the event pushed us closer to FSG’s downside scenario for the Brazilian economy (which includes a failed pension reform and president Temer being removed from office), the ultimate consequences of the May 17th revelations remain unclear.
In light of this, FSG hosted a one-hour webinar for our clients, Course Correcting Amid Brazil’s Political Crisis: Key Actions for Multinationals, to discuss our view on the Brazilian market, and create alignment on the key actions to protect sales and profitability. Led by FSG’s Senior Analyst for Brazil, Alec Lee, the presentation covered:
- A recap of the most recent political crisis
- Review of recent economic performance
- Scenarios for crisis resolution and economic growth
- Impacts to different industries
- And more
Click below to view a recording of the webinar
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