Brazil Economy in a Snapshot Q4 2019
Economic growth is expected to remain stable according to the CEIC Leading Indicator. Data from the smoothed leading indicator trended downwards in Q3 from 107.3 in July to 107.08 in September but picked up in October to 107.15 and rose to 107.3 in November. Growth is expected to accelerate according to raw data, as the indicator rose from 108.28 in November from 105.29 in August. Based on the latest high-frequency data, Focus Economics analysts forecast growth of 2% for 2020 and 2.5% in 2021.
Brazil Economy in a Snapshot Q3 2019
Economic growth will remain stable according to the CEIC Leading Indicator. Preliminary data for the smoothed leading indicator recorded a slight downward trend in the past months from 109.8 in March down to 106.9 in August. However, the figure is still far away from the long-term threshold of 100. Based on the latest high-frequency data, Focus Economics analysts revised downwards their projection for GDP growth to 1% in 2019
Brazil Economy in a Snapshot Q2 2019
Brazil’s economic performance remains on track, according to the CEIC Leading Indicator. The data for January 2019 showed that the indicator declined by 0.61 points m/m to 112.57. The figure has been decelerating for the last six months after reaching a peak value of 115.13 in July 2018. However, the indicator is still far above the long-term trend value of 100. The International Monetary Fund assesses that real GDP will grow by 2.1% in 2019, while FocusEconomics’ consensus forecast for the same period is 1.8%.