Rio de Janeiro – The indicator measuring the economic climate in Latin America, calculated by think tank Getúlio Vargas Foundation (FGV), recovered in the third quarter and reached its highest level since the first quarter of 2018. To calculate the index, the foundation inquired 149 economic experts from 15 countries in the region.
The Latin America Survey reveals the Economic Climate Indicator (ECI) rose from 81.2 points in the second quarter to 99.7 points in the third. The 100-point threshold is considered neutral, and only figures above 100 constitute a favorable business climate. Pictured above, joggers in Paraguay.
The recovery occurred in the perception of the Current Situation Indicator (CSI) due to the more favorable international outlook and the advance of immunization against COVID-19 in the region. In contrast, the Expectations Indicator (EI), measuring specialists’ views for the future, fell due to uncertainties regarding new variants of COVID.
Among the ten surveyed countries, Paraguay has the best economic climate rating, with 125.1 points. Next are Brazil (116.5), Chile (104.1), Peru (102.0), and Colombia (101.1). The other countries in the region were graded with an unfavorable economic climate: Mexico, Uruguay, Ecuador, Bolivia, and Argentina.
Translated by Elúsio Brasileiro
