- Datum: On 04.03.2021
- Country:Brazil
- Category:Berichte & Analysen
Brasilien: Makroökonomisches Szenario und Perspektiven
IBGE will release the 4Q20 GDP figures at 9:00 AM (BRT), for which Itau forecasts 3.0% qoq/sa growth, leading to a 1.4% yoy decrease (market…
IBGE will release the 4Q20 GDP figures at 9:00 AM (BRT), for which Itau forecasts 3.0% qoq/sa growth, leading to a 1.4% yoy decrease (market consensus: +2.8% qoq/sa; -1.6% yoy). On the supply side, widespread gains are expected, with the service sector printing the strongest growth, but coming from a low base of comparison – a more solid recovery of the service sector will take place only when vaccination advances more clearly. On the demand side, we see the investment as the main highlight, boosted partially by oil rigs imports, but an expanding real estate market and increasing commodity prices are the main drivers behind the recovery in investment.
Please read here the full report from Itau BBA (English).