RIO DE JANEIRO, BRAZIL - According to UBS analysts, Brazil has everything to stand out among emerging countries in 2020. Among the factors that make the country the biggest Swiss bank bet for the year are advancing reforms, low interest rates over a long period, economic rebound and corporate profit growth, as well as a favorable global environment.
In its report "Brazil: Clear Skies Ahead" dated January 16th, Zuric-based UBS highlights that the country comes from a past of recession, followed by years of disappointment with economic growth, but that recent data, such as the 2019 manufacturing PMI (Purchasing Managers . . .