Rio de Janeiro – The index that measures Latin America’s economic scenario improved, going from 72 points in January to 74 points in April, but remains disappointing, since all indicators that are part of it are in the negative zone, and also because the region is showing a performance relatively weaker than the global average.
The finding is part of the Ifo/FGV Latin America Economic Climate Index (ICE), done by a partnership between German institute Ifo with Fundação Getulio Vargas, based on data from the Ifo World Economic Survey. According to it, the increase was driven by improvement in expectations, with the IE (Expectation Index) going up 4 points, from 84 to 88; while the Current Situation Index (ISA) remained stable at 60 points.
*Translated by Sérgio Kakitani
