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General Silva e Luna s appointment as CEO of Petrobras buffered a Sao Paulo stock exchange plunge. Brazil s Economic Activity Index (IBC-Br), released by the Central Bank and believed to be an omen of the country s Gross Domestic Product (GDP) rose 1.70% in February 2021, against January s figures, it was announced Monday. The new data show a positive variation of 0.98% year to year, against the -0.4% analysts had envisioned. The official forecast of the Central Bank on GDP expansion for 2021 is 3.6%. But the projected inflation for this year remained unchanged at 4.9%, still above the central bank s target of 3.75%, which is also the case for the 2022 projections, as the weekly Focus report set it at 3.6% against the Central Bank s goal of 3.5%.

Sao pauloRoberto campos netoRoberto castello brancoJoaquim silvae lunaSilvae lunaJair bolsonaroCentral bankGeneral silvaEconomic activity indexGross domestic productCampos netoJoaquim silvaRoberto castelloPresident jair bolsonaroஸ்ம் பாலொரொபெர்டோ காம்போஸ் நேத்தோ