Investment in Brazil fell 36% between January and November

In the period from January to November last year, Brazil experienced a 36% decrease in Foreign Direct Investment (FDI), reaching 52.716 million dollars, according to data from the Central Bank. Equity holdings fell by 22.8%, while lending operations between parent companies and subsidiaries plummeted by 85.6% compared to the same period in 2022.

Despite these figures, foreign direct investment in November showed a rebound of 2.6% compared to the same month of the previous year, reaching 7.78 billion dollars, according to the issuing body.

In the last 12 months to November 2023, FDI totalled $57.7 billion, representing 2.68% of Gross Domestic Product (GDP), down from 4.01% in the immediately preceding period.

The country ‘ s international reserves increased by $8.2 billion from October 2023 to $348.4 billion for that month.

Despite economic growth of 3% in 2023, according to financial market forecasts, a sharp slowdown is expected in 2024, with GDP expansion limited to 1.5%.

K. Tovar

Source: Bancaynegocios

(Reference image source: @MundoEConflicto, X)

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