Brazil’s economy lost momentum in the second half, but GDP growth is expected to range between 2.2% and 2.4% in 2025. The 2026 forecast was revised up from 1.5% to 1.6%.
Industrial production lost momentum at the end of 2025, pressured by high interest rates and weak demand, reflecting a slowdown primarily in the manufacturing sector.
The reduction in occupancy by large tenants in Rio de Janeiro industrial and logistic market, resulted in another quarter of decline in net absorption.
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