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Executive summary |
• Brazil’s economy is struggling and could face stagflation • Close presidential race adds to uncertainty • Private bankers advocate a safety first investment strategy • However, Brazilian clients are better educated than ever and maintain their risk profiles • Use of credit is rising |
Euromoney As we sit here in São Paulo in early August, with an election a few months away, how are clients responding to Brazil’s current, complex situation?
![João Albino Winkelmann (JW) is head director of Bradesco Private Bank and also head of the Brazilian Financial and Capital Markets Association’s (ANBIMA) Private Banking Committee](https://assets.euromoneydigital.com/dims4/default/157b29b/2147483647/strip/true/crop/35x48+0+0/resize/800x1097!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fcd%2Fe6%2Fe47b15384233829f461ff376ae0e%2Fjw-hs-35.gif)
So it isn’t wrong to consider short-term, liquid assets for the time being – I don’t think you can gamble too much with the money that should pass to the next generation.