Lower unemployment, higher income and strong credit explain the IBC-Br’s performance in 2024
The Central Bank’s Economic Activity Index (IBC-Br) grew 3.8% in 2024, beating expectations of 3.7%. In December, however, it fell 0.73% from November, a steeper decline than the projected 0.40%.
Our partner and chief economist, Luis Otavio Leal, believes that after a very strong performance in economic activity throughout 2024, a period of adjustment is natural. “But the question is whether this expected adjustment will turn into a sharper slowdown.”
Read the full article here.
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