Back

LatinNews Regional Monitor: Brazil & Southern Cone - 14 October 2019

In brief: Stagnant GDP growth projections in Brazil

* Brazil’s national industry confederation (CNI), a private sector lobby, has maintained its forecast of below 1% GDP growth in 2019, after the economy grew just 1.1% in 2018. The CNI projects 0.9% GDP growth for this year, spurred by a 1.5% increase in household consumption, while industrial production remains stagnant. The CNI gives two main reasons for the economy and the industrial sector’s weak performance: the growing feeling that the approval of necessary reforms to kickstart the economy will take longer and be more complex than initially thought; and the lack of progress in efforts to reduce the so-called ‘Brazil cost’, the high costs associated with doing business in the country.

End of preview - This article contains approximately 114 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.