RIO DE JANEIRO, BRAZIL - In a year in which the financial market is forecasting 0.3% growth in the Gross Domestic Product (GDP) - according to data from the Central Bank's Focus report -, industry should play a major role in pushing this figure down.
While the services, agribusiness and livestock sectors will have a neutral or expanding effect on activity, industry - which has a 20% weight in GDP - will suffer from the rise in interest rates, falling back and negatively affecting the economy. If this drop is confirmed, the sector will record 7 declines in 10 years.
According to the . . .