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The Economic Climate Index (ECI) for Latin America by the Getulio Vargas Foundation (FGV) increased from 60.7 to 70.5 points between the fourth quarter of 2020 and the first quarter of 2021. Despite the 9.8-point improvement, the index remains in the adverse zone of the economic cycle with a combination of unfavorable evaluations regarding the present situation and optimistic expectations in relation to the near future.

The Leading Economic Index for Brazil (LEI), published by FGV IBRE in partnership with The Conference Board (TCB), decreased 1.0 percent to 122.5 (2016=100) in January 2021.The Coincident Economic Index for Brazil (CEI) (FGV IBRE / TCB), which measures current economic conditions, increased by 0.1 percent to 101.0 (2016=100), in the same period. 

The February Global Economic Barometer results reflect the uncertainty of the rate of recovery of global economic activity in the first half of 2021 and the noticeable heterogeneity between the regions. The Coincident Barometer increases with less intensity than in the previous month, while the Leading Barometer is moving towards the approximately neutral level. 

The Leading Economic Index for Brazil (LEI), published by FGV IBRE in partnership with The Conference Board (TCB), increased 0.4 percent to 124.1 (2016=100) in December/2020. The Coincident Economic Index for Brazil (CEI) (FGV IBRE / TCB), which measures current economic conditions, rose by 0.3 percent to 108.8 (2016=100), in the same period. 

The Coincident and Leading Global Economic Barometers rise in January, signaling a continued recovery of global economic activity. The increase in the Coincident Barometer is small and reverses the fall in the previous month. The Leading Barometer increases more noticeably, once again reflecting optimism, which may now be driven by the beginning of vaccination campaigns against COVID-19 in various countries. 

The Leading Economic Index for Brazil (LEI), published by FGV IBRE in partnership with The Conference Board (TCB), decreased 0.1 percent to 123.3 (2016=100), after six consecutive month to month increases. The Coincident Economic Index for Brazil (CEI) (FGV IBRE / TCB), which measures current economic conditions, fell by 0.1 percent to 101.8 (2016=100) in the same period. 

The Coincident and Leading Global Economic Barometers show a deceleration in the rate of recovery of world economic activity in December, reflecting the arrival of a second wave of COVID-19 in various countries. The Coincident Barometer interrupts its sequence of increases. The Leading Barometer, which showed optimism in the previous months, is moving towards its long-term average.

The Economic Climate Index (ECI) for Latin America by the Getulio Vargas Foundation (FGV) recorded a slight increase from the third to the fourth quarter of 2020, advancing from -43.2 points to -39.3 points. Despite the 3.9-point improvement, the index remains in the unfavorable zone of the economic cycle. 

The Leading Economic Index for Brazil (LEI), published by FGV IBRE in partnership with The Conference Board (TCB), remained unchanged in October at 123.3 (2016 =100), 3.3 points above the pre-pandemic level (February 2020). Of the eight components that comprise the index, five contributed negatively and three positively. The largest positive contribution came from the Manufacturing Survey’s Expectations Index, while the largest negative contribution came from the Services Expectations Index.

The Coincident and Leading Global Economic Barometers rise in November, signaling continuity in the tendency of recovery in world economic activity, after having given slightly less positive signals in the previous month. The favorable overall development was mainly driven by the Asia, Pacific and Africa regions.