Brazilian GDP grew by 1.4% in the 1st quarter of 2025, driven by agribusiness, the labor market, and increased income but the outlook for 2025 points to a gradual slowdown, with more modest growth projected for 2026 (1.6%). Inflation is expected to continue falling, though likely to remain above the target.
Recovery in Rio de Janeiro will be slow, especially in the areas affected by significant supply, and/or those less attractive to the companies established in that city.