Global economic activity remains resilient, with sharper drops in inflation among the more developed economies. According to Brazil鈥檚 Institute for Geography and Statistics (IBGE), the nation鈥檚 economy grew 3.4% in 2024 driven by services and manufacturing industry. However, signs of an economic slow-down, a challenging scenario regarding inflation, foreign exchange, and the job market have caused experts to review the growth expectations for 2025. The Central Bank expects GDP to grow by 2%.
The market for office spaces in Rio de Janeiro remains in transition, facing challenges of oversupply of vacant premises. However, signs point to a gradual adjustment over the course of 2025.