Rio de Janeiro – The economic climate in Latin America improved 4% in July in comparison with April of this year, motivated by a decrease in pessimism regarding the next six months. The data is part of the survey Economic Climate in Latin America (ICE) done by Fundação Getulio Vargar (FGV) in a partnership with the Ifo Institute – Leibniz Institute for Economic Research. Ifo is a public German institution that surveys economic trends.
Despite the diminishing of pessimism regarding the next six months, the assessment concerning the current economic situation of the countries in the region worsened. Both the Expectations Index (IE) and the Current Situation Index (ISA) remained below of the unfavorable zone of the economic cycle (below 100 points). The survey’s data indicate that July kept the trend observed since July 2013 when registered a less favorable economic climate in Latin America than the average of the 117 countries surveyed.
*Translated by Sérgio Kakitani
