Risk Management - Articles

An overview of Brazil

Brazil is the world’s fifth largest country and the Brazilian economy is the twelfth largest economy in the world in terms of gross domestic product. The country has been strongly affected by the COVID-19 pandemic also in terms of economic indicators, but in the third and fourth quarter of 2021 it showed a strong recovery and exited recession.  The recovery in 2022 is slightly slower due to rising inflation and tighter financial conditions, but in the last months imports and exports have increased proving that Brazil is still a country offering great business opportunities.

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