In today’s issue: Is Brazil’s construction sector ready for a comeback?
Is Brazil’s construction sector ready for a comeback?
After four years of stagnation, Brazil’s construction sector could finally be set for a comeback. At least according to the National Confederation of Industry (CNI). Three factors are crucial for any potential return to strength: (1) controlled inflation, which makes costs more predictable and increases people’s purchasing power; (2) low interest rates, which stimulate access to credit; and (3) higher price ceilings for subsidized housing loans, which should boost residential projects.
But these factors alone are not enough to promote...