Peru’s Path Forward: Navigating Political, Economic, and Global Dynamics

LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

June 18, 2024

Will Brazil Be Able to Continue its Growth This Year?

Brazil’s economy, the largest in Latin America, swung to a positive economic growth in the first quarter. Rio de Janeiro is pictured. // File Photo: Victor Tarcitano via Creative Commons.

Q

A

Allison Fedirka, director of analysis at Geopolitical Futures: “Agriculture remains the economic engine for Brazil and accounted for the highest levels of growth this year. Services, particularly commerce and information/communication, came in a distant second place. Gross fixed capital formation and consumer spending also helped to spur some GDP growth. Industry and exports remained stagnant. There are several worrisome indicators of mounting economic challenges for Brazil in the near term. Soy profitability is down this season, prompting farmers to reduce planting areas for next season. Fertilizer purchases this season have also been delayed. While they are expected to resume, the rush in demand and related logistical challenges will…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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