No Sign of Recovery for Brazil’s Economy in Short-Term: Daily

By Kate Rintoul, Contributing Reporter

RIO DE JANEIRO, BRAZIL - According to the Economic Climate Indicator (ICE) released by the Fundação Getulio Vargas (FGV) on Wednesday, August 13th the economic climate in Latin America in July is the worst since 2009, with Brazil performing badly in key areas.

The index, which is done in partnership with the German Ifo institute, fell from ninety points in April to 84 points in July. This represented a fall to levels last recorded in Latin America five years ago. According to Lia Valls, the researcher from FGV, the main contribution to the fall came . . .

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