Bloomberg Brazil Economic Summit:
As Brazil’s economy cools, the country is gearing up for the 2014 World Cup and the 2016 Summer Olympics injecting billions into an infrastructure upgrade. Latin America’s biggest economy has been struggling to cope with the currency rally, which has nearly halved the country’s trade surplus from a record $47.8 billion in May 2007. To try and reverse that trend, worsened as rich nations see their currencies weaken with interest rates near zero, Brazil’s President Dilma Rousseff has already slapped higher tariffs on imports, raised taxes on foreign investment inflows and taken steps to boost consumption. Rousseff has ordered tax cuts and other stimulus measures worth about 65 billion reais ($35 billion) to protect the country’s struggling industry from what she said were “predatory” trade practices by rich nations. The Bloomberg Brazil Economic Summit will cover opportunities for investors in Brazil and look at how investors should position themselves in the current market and political environment.