Brazil could look like India in next 10 yrs if reforms continue: Swiss bank

Latin America's largest economy might follow India's path, seeing an accelerated, consistent pace of growth


UBS Group AG has an optimistic or very optimistic view on Brazil -- it all depends on the scenario you choose for the overhaul in the nation’s social security system. The Swiss bank has already started to model an improving scenario for Brazil, on the back of the expected economic changes under the country’s new administration, which could improve the business environment. That includes a push from President-Elect Jair Bolsonaro’s team towards privatizing inefficient companies, potentially opening the economy to international trade and reducing the state’s ...