Whoever it is elected president In this year’s elections, the next president will not face a “scorched earth” economyaccording to the senior partner of BTG Pactual, André Esteves.
“We are much better than we seem about the economy. Brazil, whoever the next president will be next year, will sit in the chair in a very different way than other presidents who created good governments”, pondered Esteves, this Wednesday (11), during the CEO Conference, an event run by BTG itself.
“If you look at 94, it was scorched earth; 2002 it was scorched earth; 2017, it was scorched earth on the economic side. Whoever sits in the chair next year won’t have a scorched earth“, he pointed out.
The banker assessed that Brazil’s “economic picture” is benign when looking at inflation prospects; for the downward trend in interest rates; for foreign exchange reserves and; and the .
A “last leg of adjustment” that Esteves highlighted is the fiscal issue and the debt trajectory. “Economy is not a big problem or big topic”, he concluded, recognizing a dichotomy in the perception of opposition congressmen.
Where the banker actually sees a problem is in the “silent battle between institutional Brazil versus non-institutional Brazil.” He questioned her as a .
“The issue of institutionality is undoubtedly what we have to improve”, he highlighted.
Looking back, he noted how positive the .
