RIO DE JANEIRO, BRAZIL - Brazil has recorded a drop of six points in the Economic Climate Indicator (ECI) for Latin America, dropping from 56.5 to 50 points between April and July 2019. The survey is conducted by the Brazilian Institute of Economics of the Getulio Vargas Foundation (IBRE/FGV) in partnership with the German institute IFO.
The Current State Indicator remained negative at 75 points. According to Lia Valls, FGV's associate researcher . . .