SAO PAULO (ICIS)–Brazil’s economy started 2023 on the backfoot and GDP growth expectations at barely 1%, but nine months later most economists and analysts now expect growth to be around three times higher.
Even the beleaguered industrial sectors, which were lagging agriculture and services, are posting a “moderate reacceleration”, the Banco Central do Brasil (BCB) has said, according to the minutes of its last monetary policy committee (Copom) meeting.
The optimistic players within the chemicals industry, a sector hardly hit by the wider manufacturing malaise in the first half of 2023, might even be able to see some green shoots: chemicals producer prices rose 1% in August, the first increase after 18 months of consecutive falls.
Published by: www.icis.com
Jonathan Lopez
29-Sep-2023
