The Brazilian economy is beginning to lose its lustre as the economy slows and the ‘custo Brazil’ (Brazil cost) remains high. However, the energy sector holds great promise, with the country poised to become a major net oil exporter. Katie Weber, our Brazil analyst, and Elena McGovern, our Oil & Gas analyst for the region, discuss the outlook for the sector and the broader economy, as well as whether the government will move forward with structural economic reforms given surging oil revenues and an election in 2014.
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