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.