The OECD predicts a 1.8% increase in Brazil’s GDP for 2024, following strong years in 2021 and 2022. In those years, the GDP grew by 4.8% and 3%. Inflation should also settle at 3.2%. This rate closely matches the National Monetary Council’s goals. Unemployment has fallen to its lowest since 2015. This drop is due […]
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Brazil’s Domestic Tourism Set to Grow 11.5% in 2023
Brazil’s local tourism industry is set to grow 11.5% by year-end, according to Fecomercio. This data shows a remarkable recovery since the COVID-19 pandemic. Specifically, more Brazilians are opting to travel, especially as the year closes out. Also, corporate travel is resurging with trade shows and events. From January to August, the industry experienced a […]
Brazil’s Industrial PMI Dips in September
Brazil’s industrial PMI dropped to 49.0 in September from 50.1 in August, says S&P Global Markets. A score under 50 signals sector contraction. Nonetheless, this rate surpasses this year’s average of 47.6. Production shrank in 10 of the last 11 months. S&P cited bad weather and less consumer spending as reasons. Yet, the contraction in […]