InfoMoney: 02/03/2023
Investment shrinks in 4Q22
Andrea Damico – partner and chief economist at Armor Capital – also highlighted the strong investments drop in that period, after important advances in the previous quarters.
“It’s a very concerning scenario, but at least partially offset by a positive contribution from the external sector. We have observed strong exports growth and imports decrease, which somewhat compensated the expressive investments fall”.
Although the activity slowdown registered in the last quarter of 2022, Andréa expects a positive GDP performance in 1Q23. In other words, she believes that the risk of a technical recession is low.
Analysis: deceleration of the economy in 4Q 2022 might continue through 2023, but Farming will help
Analysts say the 2.9% GDP growth in 2022 was mainly concentrated in the first quarter. They also mentioned the high-interstates a vector of activity slowdown.
The economic activity deceleration was clear in 4Q22, according to economists’ analysis after the GDP result release. The activity fell 0.2% compared to the previous quarter but showed a 2.9% advance in 2022. Market specialists say that the data has already shown signs of tight monetary policy effects, which tend to continue at the beginning of 2023.
