Ricardo Geromel – Forbes, 01/27/2012
Grant Thornton International Business Report Optimism ranking. (Top 10) Source: Grant Thornton
According to the International Business Report (IBR) 2012 Grant Thornton International, 74% of Brazilian businessmen are optimistic about the Brazilian economy in 2012.
The Grant Thornton International Business Report (IBR) is a quarterly survey of business leaders from across the globe to measure global business confidence. Launched in 1992, the report is now in its 20th year. The research is carried out primarily by telephone interview lasting about 15 minutes with the exception of Japan (postal), Philippines and Armenia (face to face), mainland China and India (mixture of face-to-face and telephone). This personal approach hopes to avoid discrepancies due to cultural differences.
In 2011, Brazil’s GDP grew around 3%, the second worst performance since 2004 and one of the lowest in Latin America. Experts predict that in 2012 GDP growth will continue modest for emerging markets standards: between 3,5% and 4%. Nonetheless, the level of optimism among Brazilian businessmen about the Brazilian economy increased 24 percentage points over the last quarter. As a result, Brazil assumed the third position in the global ranking; a huge improvement from the third quarter of 2011, when Brazil ranked 11th.
