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34 October 2018 | AutoData PERSPECTIVES 2019 » MACROECONOMICS D espite an uncertain political scenario, the projections for the Brazilian eco- nomy in 2019 indicate that, despite the difficulties that Brazil may face, there is, indeed, room for growth. Miguel Jorge, senior partner at Bar- ral M Jorge - also a former minister and former auto industry executive, ensures: “Whoever wins the election, we will have a better 2019”. He believes that this final phase of 2018 will continue to bemarked bymany uncer- tainties and antagonistic positions regar- ding the economy, but then the scenario will be much less cloudy and economic agents will start to playwith more defined and clearer positions. The forecasts for GDP are not exactly high, but for Jorge, Brazil will growmore in 2019 than this year. “Some analysts are talking about up to 1,8%, which is good because it is growth.” He still believes that growth will de- pend a lot on the approval of welfare and By Lucia Camargo Nunes Political scenario maintains investments For economists, an urgency of reforms approval is almost unanimous and a conciliatory government tax reforms, mainly, so that investors in- vest in Brazil again. And the employment resumption, in turn, depends on growth: “Labor reformwould bring new jobs if the economywas reasonable. But it may have prevented a greater decrease in job va- cancies”. According to him, the dollar should de- crease because he calculates that from 70% to 80% of the increase has been caused by financial speculation in recent times: “There will certainly be a fall after the elections, which can be more or less accentuated depending on the result”. Sérgio Vale, chief economist at MB Associados, sees a more tumultuous scenario: “Difficult to see growth in 2019. It will only happen if the new government is more conciliatory andmeasures such as the Brazilian welfare reform are approved by the Congress”. For him, the proposals of the favorite presidential candidates bring more risks