2024-01-22 16:07:51
O Brazilian Economy Report 2023-2024, special edition of the Conjunctural Reportpublished on the website Industry Portal in December 2023, it provided data on a detailed analysis of economic performance in 2023 and presents projections for the subsequent year, revealing, according to the publication, a contrasting dynamic in the different sectors of the Brazilian economy. By sector, the document shows that Agriculture and Extractive Industry, less sensitive to monetary policies, led growth in 2023, while Manufacturing and Construction Industries, more influenced by monetary policy, faced drops of 1.6% and 0. 9%, respectively.
The published study also presents economic data stating that the first half of 2023 was marked by GDP growth, driven mainly by the Services, Agriculture and Mining sectors. However, the document also shows that the second half of the year saw a significant reduction in this dynamism, resulting in stability in the economy between the second and third quarters, with a variation of 0.1%.
In the publication, it is possible to observe that family consumption was the main driver of growth in the first half of the year, driven by the improvement in the job market, fiscal expansion and slowing inflation. On the other hand, investments continued to decline, recording four consecutive quarters in the negative field. Furthermore, according to the report, the 2023 scenario was marked by contradictory economic policies, with efforts to contain demand and inflation by maintaining the basic interest rate, while simultaneously there was an expansion in government spending to stimulate family consumption. .
José Antônio Valente, director of the franchising in the construction industry Franquias Trans Obra, states that when observing the report, it is noted that the second half of the year showed a significant reduction in this dynamism, resulting in economic stability between the second and third quarters, highlighting the volatility of the economic scenario. “The report highlights the challenges and contradictions faced by the Brazilian economy, providing valuable insights to understand the complexity of the current economic scenario and prospects for the future.”
The report, which can be consulted in full via the link provided at the beginning of the article, states that for 2024, projections indicate a continuation of the loss of growth rate observed in the second half of 2023. Factors that boosted growth in 2023 should not to be repeated at the same magnitude, forecasting GDP growth of 1.7% in 2024, as described in the Industry Portal publication.
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