The gross debt of the Brazilian public sector, one of the main forms of international comparison, advanced 15 percentage points in 2020, to 89.3% of Gross Domestic Product (GDP), or R$6.615 trillion, the Central Bank reported. At the end of 2019, the debt stood at 74.3% of GDP – a revised figure.
Source: G1 Economia
Day: February 1, 2021
Brazil’s energy efficiency grew by 14% in 14 years
EPE launched the Brazil 2020 Energy Efficiency Atlas – Indicators Report. The main objective of the document is to monitor the progress of energy efficiency in the country through an analysis of indicators. The report shows that Brazil became 14% more energy efficient between 2005 and 2019.
Source: Energia Hoje
IDB division launches green and social securities with ‘transparency’ guaranteed
The Inter-American Development Bank’s private sector division has launched a social impact green bond plan to finance projects in Latin America that offers investors “transparency” and impact reporting. IDB Invest, the IDB Group’s private sector institution, said that the funds raised through these sustainable debt securities will be directed to “green and social” use.
Source: Isto É
Vaccination delay expected to take at least $28 bn from GDP this year
The slowness and disorganisation in the national COVID-19 vaccination programme will remove at least two percentage points of the country’s GDP by 2021. According to calculations by the LCA consultancy, if 70% of Brazilians were vaccinated by August, the economy would grow 5.5% this year. If vaccination does not reach that level until December, GDP growth could be between 3% and 3.5%. In this scenario, the country will stop moving R$150 billion ($28 billion).
Source: 6 Minutos
Online sales expected to grow 18% in 2021 after increasing 68% in 2020
The COVID-19 pandemic that led thousands of Brazilians to shop online in the face of circulation restrictions in 2020, which resulted in an increase of 68.2% in the sector’s revenues to R$126.3 billion ($23.3 bn), according to data from the Brazilian Electronic Commerce Association (Abcomm) in partnership with Neotrust|Compre&Confie. By 2021, e-commerce revenues are projected to grow 18%.
Source: Valor Investe
