Fitch, a top risk assessment agency, has modified its growth predictions for Brazil’s economy. In 2023, the growth forecast is now 3.0%, down from the earlier 3.2%. Yet, 2024 shows promise, with projections increasing from 1.3% to 1.5%. These changes are due to various economic elements. The high Selic rate, Brazil’s base interest rate, is […]
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Brazil Charts Inflation Decline in 2023
Brazil’s IPCA-15, a key inflation indicator, rose 0.40% in December, leading to a preliminary annual rate of 4.72%. This marks a decrease from the previous year’s 5.90%, as the Brazilian Institute of Geography and Statistics IBGE reported. December’s slight increase, 0.07 percentage points higher than November, was mostly due to a surge in airfare prices. […]
Brazil’s Industrial Sector Faces Mixed Fortunes in February
Brazil’s industrial output dipped by 0.3% in February, following a decline the previous month, as reported by the IBGE on April 3, 2024. This downturn was felt across 10 of 25 sectors, with pharmaceuticals, printing, chemicals, and extractive industries experiencing the most significant drops. However, the narrative wasn’t all negative, as 13 sectors witnessed growth. […]
