How much risk and uncertainty is there in Brazils plastics sector?
I think we are going through a very critical time because of the effect of the oil prices and the Brazilian exchange rate. I think the worst is over. I don’t believe the war will have a major impact on oil prices. I would expect it to have some impact, but I would expect it to be a transitory impact. As far as the Brazilian exchange rate is concerned, the market has already built-in the war effect on the exchange rate. I think the exchange rate is already very undervalued. I don’t see much room for further devaluation of the Brazilian exchange rate. … Of course the sector is facing a very difficult current situation because of the whole effect on margins, from costs on one side and on the other side, prices. There is still some way to go in order to digest this price pressure. Q: Can you give a brief assessment of which manufacturing sectors in Brazil are likely to be stronger and which are likely to be weaker? A: In the near term, I think the durable-goods area will not show very stro
