A slowing economy and rising inflation might lead you to believe that Brazil's labour markets for executives would be taking a breather. Multinationals should surely be re-assessing expansion plans in a market where executives receive some of the highest salaries in the world. Local companies might want to see just what the effect of all those macroprudential measures have on consumer demand and whether inflation can be brought under control.
Instead, executives continue to be sought after and recruiters report brisk interest in hiring. They believe that salaries will continue to increase in double digits.
That tallies with data showing that Brazil has overtaken China as the most popular destination in the world for private equity. A Brazil bubble is inflating as companies fear they will be left behind unless they expand in Brazil now.