Central Bank “GDP preview” slows down in August

. Oct 15, 2020
gdp preview brazil slow recovery

The Brazilian Central Bank’s IBC-Br index — seen as a preview of the country’s GDP — rose by 1.06 percent in August, below market forecasts of a 1.7-percent spike and July’s 2.15-percent growth. Still, it is the fourth consecutive month of recovery. 

Since January, the IBC-Br has fallen 3.92 percent, while markets’ consensus expected a 4.10-percent plunge. On a year-to-date basis, the index is down 5.44 percent, worse than the 4.7-percent drop in economic activity expected by the Economy Ministry.

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Natália Scalzaretto

Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Before joining The Brazilian Report, she worked as an editor for Trading News, the information division from the TradersClub investor community.

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