Between the 2nd and 3rd quarters of 2021, the Economic Climate Index (ECI) for Latin America by the Getulio Vargas Foundation (FGV) increased for the fifth successive quarter, reaching 99.7 points, the best result since the 1st quarter of 2018 (101.5 pts), and is closing in on the neutrality level of 100 points.
The fall in the Global Economic Barometers in August indicates a slowdown in world economic growth rates for the second half of 2021. Despite their decline, the indicators remain at a high level consistent with the continuation of the current recovery phase in global economic activity.
The Coincident Global Barometer keeps the upward tendency and reaches its highest historical level in June. Moving in the opposite direction the Leading Barometer decreases, but after having risen markedly in the three previous months.
The Economic Climate Index (ECI) for Latin America by the Getulio Vargas Foundation (FGV) increased from 70.5 to 81.2 points between the first and second quarters of 2021. Despite the 10.7-point rise, the index remains in the adverse zone of the economic cycle with a combination of unfavorable assessments regarding the present situation and optimistic expectations regarding the near future. Therefore, the result is similar to that observed in the Survey in the 1st quarter.
The Global Economic Barometers increase considerably in May for the third month in a row, signaling an acceleration in the global economic activity since the first quarter of 2021. All investigated regions improve both their assessment of the current situation and expectations for the near future.
The Leading Economic Index® for Brazil (LEI), published by FGV IBRE in partnership with The Conference Board (TCB), decreased 2.2 percent to 119.9 in March 2021. The cumulated change over the last six months was also negative at 2.0 percent. The Coincident Economic Index for Brazil (CEI) (FGV IBRE / TCB), which measures current economic conditions, fell by 0.1 percent to 96.7 in the same period.
The Global Economic Barometers increase markedly for the second successive month. This reflects, among other things, the progress in vaccination programs against COVID-19 in various countries and thus the perspective of accelerating the level of global activity in the coming months. This month, all investigated regions improve both their current assessment of the situation and their expectations for the near future.
The Leading Economic Index® for Brazil (LEI), published by FGV IBRE in partnership with The Conference Board (TCB), decreased 0.6 percent to 123.0 in February 2021. The Coincident Economic Index for Brazil (CEI) (FGV IBRE / TCB), which measures current economic conditions, increased by 0.2 percent to 98.9, in the same period.
The Global Economic Barometers increase considerably in March, also reflecting the initial success in vaccination programs in some countries and optimism regarding the possibility of achieving control over the pandemic in the coming months. However, the results are still heterogeneous among regions.
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.