Details

Titel

Emerging Markets Monitor - 2024-05-27

Ist Teil von

• Fitch Solutions Country Industry Reports, 2024, p.1

Ort / Verlag

London: Fitch Solutions Group Limited

Erscheinungsjahr

2024

Link zum Volltext

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• Brazil has been hit by severe floods in recent days, with the southern state of Rio Grande do Sul experiencing its wettest May in over 60 years. For now, we continue to believe that Brazil can hit our 2.1% average annual GDP growth target for 2024. However, risks are increasingly skewed to the downside. The floods could knock upwards of 0.3pp off Brazil’s Q224 growth number, though a large chunk of this lost ground should be recouped when waters recede and reconstruction efforts begin.