Frankfurt (www.aktiencheck.de) – It doesn’t matter who wins the runoff election for Brazil’s president on October 30, he will have to steer the country in a difficult global economic environment, according to the analysts at Helaba.
Sentiment in industry and among consumers is likely to deteriorate in 2023. The necessary budgetary consolidation will probably have to wait. Should the economy cool, the central bank would likely stand by with rate cuts. (11.10.2022/ac/a/m)