Brazil's economy has been reported to have stagnated in February, with GDP growth at 0% compared to January, according to the Getulio Vargas Foundation's GDP Monitor. While industry and investment showed growth, declines in consumption, agriculture, and exports offset these gains.
The Latin American Economic Climate Index (ICE) released this weekend by Brazil's Getúlio Vargas Foundation (FGV) highlighted Paraguay as the Mecca for business ventures in the region given the country's outstanding performance.