MIAMI, Dec. 31, 2014 /PRNewswire/ -- The world's eye is turned to Brazil. This past summer the World Cup captivated audiences and the Summer 2016 Olympic Games in Rio are bound to do the same. While it may seem like all the excitement is sports related, the country's economic climate is also getting a lot of attention. The experiment known as the "new economic matrix" has failed. Despite promises from newly re-elected President Dilma Roussef to change directions, experts say she will most likely stick to her populist policies-- even though they garnered no economic growth in 2014. Brazil's best hope is to return to the market oriented economy that proved fruitful up until 2008. The "new economic matrix" slashed stock prices within the markets, particularly in sectors in which the government has intervened. With an average annual GDP growth rate of less than 2%, taking it to $2.5 trillion, it has disappointed investors in the past 6 years. In spite of that Brazil is still the eight largest economy in the world-- and with its rich base of natural resources, competitive agriculture production and a growing middle class it is poised to rise, provided it has the right economic policies. The best hope for Brazilian market oriented reform and fiscal austerity comes with the newly appointed Finance Minister Joaquin Levy. Mr. Levy is a PhD from Chicago University and has had good experience in Federal administration from 2002 until 2007. He has seemingly prepared the necessary reforms in order to bring the economy back on track after six years of bad ideas. Additionally investors are wary of the market's negative reaction to a series of financial scandals at the hands of Brazilian energy company Petrobras. As the company heads to court in 2015 and responsible parties are prosecuted, Petrorbras will adjust their balance sheet and the market is slated to reflect the correction.