Brazil’s economy is slowly emerging from a multi-year recession. Companies are gradually becoming more confident, investment and credit are re-emerging and long-delayed projects are returning to fruition. The country’s GDP growth is expected to reach around 2.5% this year, while inflation remains at 4%, the benchmark Selic interest rate is sitting at 6.5%, and unemployment is slowly improving at around 10%.

In 2018, vehicle manufacturers recorded robust growth in bus and truck sales. OEMs say that Brazil still has pent-up demand for trucks and buses and the outlook this year is bright, with favourable economic indicators and new reform-minded economy minister, Paulo Guedes, aiming to drive pension reforms and privatisation programmes through…