Brazil Speed Bumps Ahead

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Brazil’s economy has hit a rough patch: It officially entered a recession in August 2014, after two consecutive quarters of falling outputs. While many analyst were predicting growth of 3 percent in 2015 a year ago, those estimates have been scaled back.

                Yet the country’s unemployment rate has decrease to near record lows, from more than 13 percent in 2003 to around 5 percent in 2014. To set themselves apart, “project managers in Brazil should continuously invest in training, gain experience and develop their soft skills,” says Joao Gama Neto, PMI-ACP, PMP professor if project management, INPG Business School Sao Paulo, Brazil.

                Despite the current slowdown, the Brazilian government sees smoother sailing ahead, with the economy bolstered by slowing inflation and credit expansion, plus a recovery in mining and oil output. IT, financial services expansion, telecommunications, construction and the government are among the largest users of project management, Mr. Gama says

                “I believe that 2015 will be better than 2014, and we will have an increase in job opportunities in the second half,” he says.

Source PM Network Jan 2015

Dirck Hornung, PMP  (www.oil-n-gas-network.com)