RIO DE JANEIRO, BRAZIL - After a long period of booming stock markets, increased volatility has turned investors' attention back to risks, and André Esteves, the senior partner of Brazilian BTG Pactual bank, points out three main threats.
Surprisingly, the greatest dangers do not stem from the troubled domestic market, hit by the pandemic and political tensions, but instead are concentrated abroad, according to the Rio de Janeiro billionaire.
During the BTG Invest Talks online event, Esteves began by citing his concern about the late withdrawal of stimulus in developed countries. For the executive, rich countries have overstretched aid and are . . .