Brazilian Agribusiness Will Start 2023 Much Better Than It Entered 2022, According to FGV’s Center for Agribusiness, This Sector Will Close 2023 With Exponential Growth

Written by Bruno Teles

Published on 27/01/2023 at 13:57

Agroindústria Brasileira (Foto/divulgação)

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The Brazilian Agroindustry Is Still Going Through a Moment, After the Beginning of 2022 With Not Promising Prospects in Agribusiness, We Will Start 2023 With a Slightly Better Situation.

This analysis is by the researcher from the Center for Agribusiness at FGV – Fundação Getúlio Vargas, Felippe Serigati, who, in light of the scenario indicated by this Agroindustrial Production Index (PIMAgro), is a study conducted by this institution to measure the short-term evolution in the volume of physical production of the agroindustry.

This Coordinator of the Professional Master’s in Agribusiness (MPAgro) at the School of Economics of São Paulo at FGV, Serigati estimated that agroindustrial production will grow by about 2% this year, even considering the latest survey indicating an evolution of about 0.7% until mid-August.

“The Brazilian economy reacted in the second half with structural factors, such as the decline in the spread of the Covid-19 virus and the opening of the economy, allowing people to move freely, which boosted the services sector that truly generates jobs in the country,” he analyzes.

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