In a recent discussion with Luiz Carlos Trabuco, we had the opportunity to gain some insight he had on the economic situation of Brazil. We caught with Luiz in Switzerland in January during the World Economic Forum. The annual conference was founded in 1971 and presents a platform for business leaders and governments from around the world to collaborate and explore ways to leverage private and government resources. The 50 year banking and finance professional has been involved in many of Brazil’s economic centered discussions and circumstance his entire career. Joining Banco Bradesco in 1969, Luiz is responsible for many great things over his years with the firm. Over his long career, he has gained tremendous financial instincts and understands the complexity of the Brazilian economy. Visit the website weforum.org to learn more Luis Carlos Trabuco.
Luiz Carlos Trabuco revealed details possible overlooked by looking at the surface of the positive successes Brazil has experienced. Luiz pointed out these are only very short-term results and actually are expected during the phase the recovery is in currently. Luiz Carlos Trabuco spoke about the 2014 economic returns, and the jump in the GDP numbers are expected when considering just how bad the Brazilian economy had been up to that point. Trabuco noted we are in the infancy of a very long-term outlook, there are many things needed to sustain this growth.
The current Chief Executive Officer, Luiz Carlos Trabuco says there is a dire need to control government spending. He pointed to the lack of economic responsibility by the Brazilian government is the reason the economy had become so damaged. Luiz said there needs to more accountability for the government to prove it’s ability to pay the debt. With the implementation of more financial checks and balances to the government, and the need for more time to assess the economic results will be a true test of where the economy truly is. Read this article at jusbrasil.com.
Luis recently stepped down as president, a position he held since 2009 and introduced Octavio De Lazari Junior as the 5th and new president to lead Bradesco. Octavio’s promotion was announced during the Ordinary General Assembly (AGO) meeting in March.