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Uncertainty of the Brazilian economy falls to lowest level since November 2019

The Brazilian Uncertainty of the Economy Indicator (IIE-Br) fell 4.9 points in September to 111.7 points, the lowest level since November 2019, from 105.1 points.

The data were released today, 30, by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV).

Ibre/FGV economist Anna Carolina Gouveia said that the IIE-Br is now only slightly above what can be considered a comfortable level of uncertainty (below 110 points) for the first time since the onset of the covid-19 pandemic.

According to her, the result is motivated by the improved economic activity . . .

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