It could have been a whole lot better. That’s the general sentiment left on Brazilian investors and analysts after the first earnings season of the year, in what was meant to be the kickstart of a crucial year for the country’s economic recovery. As GDP growth projections for the year continue to be scaled down, macroeconomic reforms become even more crucial to boost confidence and unlock Brazil’s economic potential.
A study by consultancy Economatica, surveying 304 Brazilian listed companies, revealed that...
