Brazil: Prioritizing Growth Over Inflation
公開日
The Brazilian government and the central bank will be prioritizing growth over curbing the fiscal deficit and inflation. The outcome of an easy policy mix is that growth and inflation will be higher relative to market expectations, and real interest rates will drop considerably. We recommend that investors go long mid- and small-cap stocks on a pullback and inflation-linked bonds. However, foreign investors should hedge the currency risk.
BCA | CoreMacro
BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.
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