A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Feb 06 2013

Consumer Spending Prospects for Brazil

Over the past decade Brazil has propelled over 35 million people into its middle class through dramatic growth and economic change, but the recent consensus view on the Brazilian economy has been muddled with pessimism. A key driver of growth for the South American mainstay has been the consumer, with household consumption accounting for about 60% of the Brazil’s GDP.

If the consumer pulls back now, any growth momentum will likely wane. ECRI’s latest report, including updates to our Brazilian Long Leading Index, outlines whether consumer spending growth will increase, or lose steam, in the near term.