World Air Conditioner Market – 2021 Update - 2.9 LATIN AMERICA
2021-02-10
Brazil was on the path of economic recovery at the beginning of 2020, with a GDP forecast to reach approximately 2.3% growth. Implementation of economic reforms was on the way, and the marked fall in the basic interest rate was driving an expansion of credit. The civil construction sector, an important parameter in the HVAC&R sector, was recovering from the 2015 to 2016 crisis, and expansion of launches and shipments was forecast.
