During the World Economic Forum in Switzerland, the former president of Bradesco, Luiz Carlos Trabuco Cappi discussed the intricacies of the Brazilian economy and many of the difficulties the country has endured in recent times. Trabuco Cappi has had over 50 years of experience in the world of finance and banking and shared his expertise in the assessment of climate of business community and the economy overall.
Brazil has endured many unfortunate events that have negatively affected the country’s ability to grow and sustain substantial growth. There have been tremendous efforts by the private sector as well as the Brazilian government to work together forming public private partnerships (PPP). PPPs have gained great success in helping stimulate the economy, increase the GDP, create jobs, and lower the country’s deficit. Luiz was quick to point out that despite the recent success, Brazil has experienced the largest economy in Latin America has a long way to go. Luiz Carlos Trabuco Cappi also voiced his belief that only financial risk solutions are needed to sustain the recent success experienced by the country. Read more about Trabuco Cappi at Crunchbase.com
Luiz Carlos Trabuco Cappi highlighted that Brazil began entering a recovery cycle and this was the reason for the measurable success experienced in 2014. During the initial phases of the recovery cycle, it is expected to see improvements in the economy. These initial improvements are due mainly to the concerted efforts of all parties involved. The true test of the country’s ability to sustain growth and continue moving in a positive direction will come during the last phases of the recovery cycle. Currently, we are in the very early stages and only time and continued efforts moving forward will be a true test.
Luiz Carlos Trabuco Cappi recently stepped down as president of Bradesco a position he held dating back to 2009. The current president, Octavio de Lazari Junior was recently announced to become the new president after serving as the vice president. In addition to the new president the economic veteran and longtime Chairman of the Board, Lazaro Brandao recently announced his retirement.