The longest and deepest cycle in Brazil’s history

BRAZIL ECONOMICS - Report 03 Sep 2018 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

The GDP result for the second quarter reinforces our projection that the economy will only grow by 1.0% in 2018. However, the second-quarter performance cannot be attributed wholly to the truckers’ strike. It unquestionably played a role, but the most recent numbers confirm that after the effects of the strike were absorbed, the economy has been unable to gain traction. In particular, it is clear from the data that there are no signs of a fixed capital investments recovery, the most important driving force in a cyclical recovery phase. On the contrary, the investment rate declined again, and now stands near its lowest level since the beginning of the series in 1996.

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.