Brazil’s Agenda 2020
Job creation and tax reform must be priorities to boost economy and business by 2020, according to companies participating in a Deloitte study with revenues equivalent to half of national GDP.December 2019 | February 2020
“Brazil’s Agenda 2020”, conducted by Deloitte, is the broadest survey of expectations and intentions of business leaders for the business environment in the country. The survey brings answers from representatives of 1,377 companies that together make up the equivalent to half of the wealth generated in Brazil (R$ 3.5 trillion).
The highlights of this year’s survey are related to investments: seven out of ten respondents believe 2020 will be a positive year for businesses. Most respondents indicated that, regardless of the scenario, they intend to continue investing in new technologies, training of employees, release of new products or services, and Research and Development. In case of an improvement of the scenario, the Brazilian business community also consider making strategic investments such as expansion of factories and points of sale, as well as new hires.
Despite some optimism and general approval of the central pillars of the economic policy conducted in 2019, such as social security reform and cost cutting, survey respondents admit that much remains to be improved. The survey showed that eight out of ten respondents believe that job creation must be the priority of the government to stimulate the economy in 2020. Other expected initiatives are government investments in infrastructure, opening of trade and expansion of concessions and tenders. Regarding the reforms, the expectation is that the tax reform, an old agenda of the Brazilian business community, will finally be addressed in 2020.
Check out the video below with highlights.
Access the “Brazil’s Agenda 2020” survey in its entirety.