RIO DE JANEIRO, BRAZIL - The Economic Climate Index (ECI), measured by Getulio Vargas Foundation (FGV), dropped 2.8 points in the first quarter of this year compared to the previous quarter. With this, the indicator, built based on the evaluation of specialists in the country's economy, reached 60.6 points on a scale of 0 to 200 points.
It is the worst result since the second quarter of 2020 (40.8 points). The fall was driven by the 39.1-point decline in the Present Situation Index, which measures the experts' opinion regarding the present, reaching 15.4 points . . .
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