Thursday, January 25, 2024

 

Tuesday, January 30, 2024
8:30 to 10:30 a.m.
(Eastern Time - U.S. and Canada)
In 2023, Brazil experienced a year of growth and prosperity. The economy grew by 2.9% YoY, surpassing initial forecasts of sub 1%. The country also achieved a record trade surplus of $100 billion and saw a significant drop in unemployment to 8%, nearing full employment. Labor productivity also increased. Inflation dropped to 4.6% YoY, finally within the ceiling of the target band. The policy rate was brought down gradually by 200bp to help loosen financial conditions. Despite initial stumbles, economic policy delivered: a new regime for consumption taxes (in the works for the last twenty years); a workable, if sub-optimal, new rule for public expenditure; a reinforced, autonomous, and independent Central Bank; and expanded access to the social safety net.

However, the legacy for 2024 is not entirely positive. Fiscal policy was tremendously expansionary leading to a (primary) deficit of more than 2% of GDP, which is clearly unsustainable. Growth and productivity came from narrow sectors, mainly agribusiness, where, given recent reversals in climate and external demand conditions, some retracement seems in order. Investment was low, too low to contribute to an expansion in the capital stock after depreciation. On the political front, the regime of “coalition presidentialism” revealed an even more assertive and demanding Congress, which compounds fiscal risks – especially in a year of mid-term elections.

The challenge is to favor pragmatism, boost investor confidence, and advance on reforms amid heightened political tensions and demands, diminishing growth, and much more constrained fiscal space.

Join us for the “Brazil: Economic and Political Outlook” to hear a stellar group of analysts discuss these and related topics influencing the expectations and prospects for Brazil in the months ahead.
 
Agenda
8:30 - 9:00 a.m. - Registration, Breakfast, & Networking
9:00 - 10:30 a.m. - Panel Discussion and Q&A

 

Moderators:

Paulo Vieira da CunhaPartnerVERBANK Consulting LLC | Former Deputy GovernorCentral Bank of Brazil

Drausio GiacomeliManaging DirectorDeutsche Bank Securities

Speakers:

Thiago de AragãoDirector of Institutional Strategy and IntelligenceArko Advice

Felipe PianettiDirectorPortfolio Manager / AnalystLazard Asset Management

Lisa SchinellerManaging Director, Sovereign Ratings DepartmentStandard & Poor’s

Roberto SecemskiChief Brazil EconomistBarclays

 

 
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Members: $50
Non-Members: $100

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Cancellation Policy
Cancellations received at least 48 hours prior to the event are eligible for 100% in-house credit, to be applied to future events.
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Brazilian-American Chamber of Commerce, Inc. | 485 Madison Avenue, Suite 401, New York, NY 10022 | (212) 751-4691

This email was sent to sula_costa@yahoo.com by info@brazilcham.com
 

Tribute to Dario Vasconcellos Campos

(September 24, 1930 - February 6, 2024)

On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on February 6, 2024 at the age of 93, of Dario Campos, former Vice Consul of Brazil in New York and longtime Chamber member and supporter.  Dr. Campos’ longstanding support of Chamber activities and enthusiastic participation in our programs, well into his 90s, denote his high level of dedication and commitment to the Chamber.

 

After serving as Vice Consul of Brazil in New York, Dr. Campos was appointed Senior Economic Advisor by the Consulate General of Brazil in New York, during which time he worked in liaison with foremost economic policy institutions in the United States.  Following, he served as a consular official and Director of the Cultural Council of the Brazilian Endowment for the Arts.

 

Dr. Campos’ previous positions include Cultural Attaché to the Brazilian Embassy in Tunis, Tunisia and Delegate Ad Hoc of Brazil to the 7th World Congress of Public Relations in Boston, MA.  Fluent in many languages, Dr. Campos was appointed Examiner of Arabic, German, and Russian during the selection of foreign service officers at Instituto Rio Branco in Brazil.  He also served as Professor & Consultant of Tourism Administration at the Pontifícia Universidade Católica do Rio de Janeiro and Universidade de Brasília.

 

Dr. Campos graduated in Decision Science from Wharton School at The University of Pennsylvania, in Hotel Management from Cornell University, and in Human Relations & Public Speaking from Dale Carnegie Institute of New York.  He held a Ph.D. in Economics, a Ph.D. in Philosophy & Social Sciences, and four master’s degrees: MBA / MPS in Tourism, MA in Economics, and MA in Philosophy & Social Sciences.

 

Dr. Campos received many high distinctions from the Brazilian Army, Navy, Air Force, and Ministry of Foreign Affairs – and was the 2014 recipient of the Chamber’s Special Merit Award.  While conducting postdoctoral research in economics, he participated in countless forums and international conferences on economics, tourism, technology, and sustainability.

 

Dr. Campos is survived by his wife, Marion Asch Campos.  His steadfast commitment and contributions to the Chamber strengthened ties between Brazil and the United States and furthered our mission of promoting trade and investment between the two nations.  His presence, company, and sense of humor will be greatly missed.

Brazilian-American Chamber of Commerce

485 Madison Avenue, Suite 401

New York, NY 10022

P: (212) 751-4691  F: (212) 751-7692

E-mail: info@brazilcham.com

www.brazilcham.com

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