Brazil: Retail Foods
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The Brazilian economy increased by 4.3 percent after a domestic and global demand rebound in 2021. The gross domestic product reached US$1.6 trillion. However, rising inflation and the slow labor market recovery in 2022 have affected purchasing power and expectations of the post-pandemic future. The retail industry maintained steady growth in this scenario, amounting to US$112.3 billion. Nevertheless, Brazil's import of consumer-oriented products grew 4.3 percent in 2021, despite the 13.2 percent devaluation of the Real.
