RIO DE JANEIRO, BRAZIL - Amid the impact of the Covid-19 pandemic, economic activity fell sharply in April. The Central Bank's Economic Activity Index (IBC-Br), seasonally adjusted for the period, shrank by 9.73 percent in April compared to March this year, according to data released yesterday, June 18th, in Brasília by the Central Bank (BC). This was the highest monthly contraction since official records began in January 2003.
It was the second consecutive month of decline, according to data revised by the Central Bank. In January, there was a 0.06 percent increase, a 0.31 . . .