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Brazil’s economic activity is growing again and exceeding the prepandemic level

Brazil’s economic activity rose 0.60% in July from June, leading to four consecutive months of expansion, and is already at a higher level than it was before the covid pandemic began in February last year, the Central Bank reported on Wednesday. bank. .

The so-called Economic Activity Index (IBC-Br), which the monetary authority measures monthly in an attempt to predict the country’s gross domestic product (GDP) trend, reached 140.52 points in July, exceeding the level it had in February 2020 (139, 16 points), when Brazil registered its first covid case.

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