The Ifo / FGV Economic Climate Indicator (ICE) in Latin America was developed through a partnership between the German Institute Ifo and FGV and improved between July and October, but still records a disadvantageous climate and maintains a negative balance of 10.7 points.
This improvement was achieved when the Expectations Indicator (IE) was changed from a zero balance to a positive 21.6 points. The ISA (Current Situation Indicator) also showed improvement, but it was only 1.7 points, minus 38.3 points.
The economic environment in Latin America did not coincide with a worse world with a negative balance (-2.2 points) in the balance of quantities.
Since July 2013 Latin America ICE is negative except for January 2018. On the other hand, the global ICE was positive in the same period, except for October 2015 through October 2016. October survey. The difference between ICE results in Latin America and the world indicates that domestic factors in Latin America have increased their weight in determining the economic climate of the region.
ICE in the world has worsened among the world's largest nations. In the European Union, the ICE increased by 8.2 points in the United States and by 11.5 points in Japan, compared with a 10.2 point decline in the balance between July and October. All of the above mentioned countries have a favorable economic environment.
In BRICS countries, all suffered from unfavorable economic conditions except for India, which has the largest negative balance, followed by Brazil (-33.8) and South Africa (-27.0). In October, only Brazil and South Africa improved their economic environment.
(Writing – Investment and News)