Might the Recession be Nearing its End?

BRAZIL ECONOMICS - Report 06 Jun 2016 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

A few weeks ago we showed that our leading indicator already presages that GDP will stop falling in the third quarter this year. Last week the IBGE announced that GDP in the first quarter only declined by 0.3% – far less than the median of expectations. This was good news. However, when looking at the composition of the factors working for growth in the first quarter, the perspective for future quarters remains unchanged: GDP will stop contracting in the second half, but strong recovery thereafter cannot be expected.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.