Brazil: Business confidence edges up after election
November 26, 2018
Business sentiment in Brazil improved in November, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index rising to 94.7 points from 94.1 points in October. Despite the rise, the index lies below the 100-point threshold and signals pessimism among firms.
According to the FGV, the improvement was driven by firms’ less downbeat assessments of the current economic situation.
Brazil Fixed Investment Forecast
Panelists surveyed for this month’s LatinFocus report see fixed investment rising 4.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect fixed investment to grow 4.8%.