“Should Brazil’s inflation, slowing economic growth and the political risk put investors off? Not necessarily, according to one Latin America analyst.
“I think the long-term fundamentals in the country are still quite good, when you’re looking ahead five to 10 years. It’s not just about the growth rate, it’s about the markets and where the opportunities for investment are,” James Lockhart-Smith, principal Latin America analyst at Maplecroft, told CNBC on Friday.
“Panama might have a much higher growth rate but Brazil is still the main economy in the region. So I wouldn’t be so pessimistic about it. It’s neither as good as the government says it is, or as bad as a lot of market commentators say.””