Brazilian food processors are poised to boost pork and chicken exports in 2020 as Chinese demand for imports remains strong while the Asian country deals with severe disruptions in local production, an industry group said on Thursday.
It is likely that foreign investors have been less willing to buy into Brazil’s recovery story than locals have. Reform momentum appears to have stalled after the passage of a landmark pension reform this year. Despite signs of nascent economic growth after a deep recession in 2015-16, unemployment is persistent at almost 12 per cent. Household debt is rising and its quality is deteriorating.