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© Reuters. Investing.com – The stock market is the best stock exchange in the world earlier this year, according to Forbes magazine. The US publication, known for publishing the list of the richest people in the world, marks the beginning of President Jair Bolsonaro's government as the main factor in the performance of the Brazilian stock market, opposing the negative outlook for management of the economy by the candidate to
In an article by columnist Kenneth Rapoza, the magazine points out that the Ibovespa is about to experience the highest global appreciation in the first quarter of 2019 and even in the first half . So far, the Ibovespa has accumulated an appreciation of 6.73%, against 2.91% and 2.25% of the Rapoza
which also reiterates the optimism with the Brazilian economy with the possession of Bolsonaro, describing the% of popular approval as a factor of legitimacy of reforms and economic adjustments, different from his predecessor, Michel Temer, who also had a liberal agenda in the economy and had managed to approve some reforms at the Congress, but had a low rate of popularity.
According to a study by Fitch, the risk badessment agency Rapoza brings two alerts that may overshadow this good moment of the Brazilian stock market. The first is the difficulty of the Bolsonaro administration in meeting the expectations of his government with the approval of the reforms. Another concern is the slowdown in the Chinese economy, which would translate into lower sales to and from the Asian giant.
Finally, Fitch forecasts GDP growth of 2.4% this year, against a low estimate. 1.3% in 2018.
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