INSUBCONTINENT EXCLUSIVE:
like high interest rates, inflation, and household debt, which continue to weigh on consumer demand and real estate activity.Recent
performance highlights mixed results
January 2025 saw a 0.2% drop in revenue compared to December 2024 but posted a 0.6% increase year-over-year.December 2024 also showed a dual
trend: a 2.5% decline from November but a 3.9% rise compared to December 2023
with annual growth averaging over 3% through 2028
Government initiatives like the Growth Acceleration Program (PAC) allocate BRL1.7 trillion ($340.6 billion) for infrastructure and social
attract BRL8.7 billion ($1.7 billion) in private investment, further boosting activity
However, challenges persist
has driven up material and labor costs, with the National Construction Cost Index (INCC-M) rising by 6.85% annually through January.Labor
shortages compound these issues, with over 71% of companies struggling to find skilled workers
GDP and creating jobs nationwide
Overcoming structural challenges will be key to sustaining this momentum and supporting economic recovery efforts.
