No menu items!

Brazilian industry to register its 7th slump in 10 years

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 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content