Business

As Brazil escapes recession, investors eye opportunities

investors brazil

Usually, a 0.4-percent GDP growth rate would not be any reason for celebration. But expectations around the Brazilian economy were so grim that analysts were actually excited about the Q2 2019 results. The Brazilian stock market benchmark index reached a record 106,000 base points, and there remains room for it to grow further—leading investors on a hunt for sleeper stocks that could offer sizeable returns in the long haul.

Since January, the Ibovespa Index rose 16.4 percent—much less than ICON (which measures publicly traded retail companies), at 23 percent, and IMOB (real estate), at 31.2 percent.

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