Based on financial market projections in the Focus Bulletin of the Brazilian Central Bank (BC), Austin Rating's chief economist, Alex Agostini, calculates that Brazil's economy should recover to the pre-crisis level in 2024.
The country has undergone two recessions in the last nine years: the 2015-2016 crisis and the covid-19 pandemic.
Before that, the peak of the Central Bank's IBC-Br (Index of Economic Activity) was recorded in December 2013, with 148.7 points. The indicator is considered the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here