Brazil is known for many things, from being the home nation of the Amazon rain forest, to idyllic beaches and a free-spirited way of life among its darker side of visible, extreme poverty and public corruption. It had experienced in recent years, large public scandals and a recession. These trends are now being reversed and Brazil is back to being a large, growing economy and demonstrating growth in a region that is suffering. A long-term investor looking for the green-shoots and optimism for this emerging market can stop now.
To begin with, Brazil is forecasted