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ABEV - Ambev: Impacts And The Risks Of Brazil's Economic Recovery
Ambev S.A. American Depositary Shares
A particularly challenging macro environment could be shaping up for Brazil for 2021 and possibly onward to 2022.
Weak GDP recovery could inhibit Brazilian revenue growth for Ambev, which generates just over half of the company's total revenues.
The main country-specific risk to Ambev's ADRs is the BRL exchange rate, which could be impacted by slow vaccine rollout, credit risks, lack of stimulus, and more.