In this report, we discuss the economic developments of the first quarter of 2026, against a backdrop of heightened geopolitical uncertainty, rising inflationary pressures and slowing domestic activity.

The study examines the impacts of the Middle East conflict on energy and commodity prices, domestic fiscal and monetary dynamics in an electoral context, and the outlook for inflation, interest rates and economic activity throughout the year. The analysis also covers specific scenarios for Rio Grande do Sul and Santa Catarina, with sectoral projections for agriculture, industry, services and trade.

Read the full report and gain the context you need to make more informed strategic decisions — ideal for anyone looking to sharpen their view on investment risks and opportunities.

[ACCESS THE FULL REPORT]

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