Brazilian businessmen are promising to invest more in economic powers such as Germany, the UK and Japan, and emerging countries as China and Mexico, despite the pessimism. According to Valor Economico, a Brazilian daily, a survey by Grant Thornton showed that 20% of Brazilian executives expect deteriorating in the local economy over the next 12 months.
The study, which interviewed 12,500 companies from 45 countries, reveals that 46% of the Brazilian companies intend to increase their investments in machinery and equipment over the next 12 months and 24% plan to build new facilities.
Artemio Bertholini, president of Grant Thorton Brazil told to the newspaper that despite the weak economy, Brazil remains one of the countries that offer more business opportunities, as it is one of the largest consumer markets in the world. For him, the challenge for the executives is dealing with structural issues that affect businesses, such as bureaucracy and lack of skilled work force.