GDP

Research that tries to predict the behavior of the Gross Domestic Product (GDP) signals that Country begins to recover

Brazil begins to meet the necessary conditions to grow again. According to a study released on Thursday (16) by the Getulio Vargas Foundation (FGV) and The Conference Board (TCB), the country recorded a significant advance in an indicator that tries to predict the behavior of the economy. Between December and January, it registered a rise of 2.8%.

Together, the two entities have developed the Compounded Economic Indicator (IACE), which brings together a series of surveys to try to anticipate economic trends and which may suggest if the country is close to recovering.

Today's data refers to January, when there was an increase of almost 3%. With this performance, the indicator rose to 104.6 points. Of eight surveys that make up the index, seven made positive contributions.

One of these indicators, which shows how the perception of the economy is today, improved by 0.4% between December and January. The name of this index is Coincident Compound Indicator of the Economy (ICCE).

Positive evolution of GDP

"Despite the volatility that still has to mark the evolution of the different indicators linked to the activity level at the beginning of the year, the result of the ICCE in January characterizes a picture of recovery in the visible future," said Paulo Picchetti, researcher responsible for the research.

According to him, after a long period marked by falls, the indicator moves consistently to the positive terrain. The FGV reinforced that this research aggregates eight economic components that measure the economic activity in Brazil. Each of them has been individually efficient in anticipating economic trends.

Source: Portal Brasil, with information from FGV