China’s 5% GDP target inspires caution in Brazil, but the scenario for agribusiness is positive

Rate this post

By Vandré Kramer

After the restrictions to fight the Covid-19 pandemic, which led China to two years of weak growth (2020 and 2022), expectations are for a resumption of economic expansion.

After a 3% increase in GDP last year, the intention is to grow around 5% this year.

Analysts point out that these expectations may be modest: the International Monetary Fund (IMF), for example, projects a slightly higher expansion of 5.2%.

For Brazil, the characteristics of the Chinese economy seem to point to a promising year for agribusiness, which is already the main exporting sector to the Asian . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Source link

Leave a Comment