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Weak Economy Makes Executives Plan to Leave Brazil

03/09/2015 - 08h52

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ÉRICA FRAGA
JOANA CUNHA
FROM SÃO PAULO

The elation became disappointment and has made professionals who once were excited about Brazil's perspective in the middle of the past decade search for a way out.

For example, last year more than 80% of Brazilian executives said they were willing to leave the country to work abroad. In 2013, they amounted to 62.2%, according to a study by multinational recruitment company Hays along with Insper (Institute of Education and Research).

Michael Page, another major company in the human resources sector, says that three or four in every top ten executives who it interviewed say they are interested in working abroad. In 2008 and 2009, the number was below 10%.

Many qualified professionals have gone from intention to action.

The tendency is beginning to reflect on the data regarding the number of visa requests to developed countries after a fall that coincided with the sharp rise of the Brazilian economy and the international financial crisis.

Economist Bruno Amaral, 30, had returned to Brazil in 2010 after a period working abroad. "The country's growth was skyrocketing [a G.D.P growth of 7.5% in 2010]. I wanted to be a part of it," he says.

Bruno says that he realized that he had made a mistake two years after he came back.

Brazil's turbulent economic path, full of ups and downs, shows that the recent story of professionals like Amaral is not new.

The unstable path perpetuates some significant obstacles to the country's economic development.

Businessmen say they have to work with an excessive cash surplus in the country, which makes them less efficient.

The departure of foreign students, which could contribute to the resolution of the problem of lack of qualified labor, declines with each crisis.

Translated by THOMAS MUELLO

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