Key View

• Indigenous vaccine production will give Brazil greater vaccine autonomy.
• Production of a local vaccine will also give a boost to the pharmaceutical market.
• Healthcare shortages bring hospitals in the country close to collapse.
• Lack of political guidance has exacerbated the impact of the pandemic.

In early March 2021, Brazil’s

Key View

• We maintain our view that there will not be any growth in Brazil’s nuclear power sector over the coming decade, with power capacity set to remain at 1,884MW through 2030.
• That said, ongoing developments of the 1,405MW Angra 3 Nuclear Power Project continues to present upside risks to our growth forecasts, with the government

Key View

• We have revised up our forecasts for Brazil’s non-hydro renewables sector as a result of continued signals for strong growth, particularly within the wind and solar power sectors. We now forecast nearly 23,500MW of solar and 18,150MW of wind to come online between 2021 and 2030.
• Our positive outlook for the solar sector is supported

Key View

• The rapid depreciation of the Brazilian real over 2020 has led to the erosion of medical device imports in US dollar terms, which is set to continue at a lower level throughout 2021, while exports were affected by the impact of the Covid-19 pandemic.
• Patient aids outperformed the rest of the medical device market, due to the

Key View

• Brazil’s local production of the AstraZeneca Covid-19 vaccine will speed up rollout.
• Production of Covid-19 vaccine will boost Brazil’s pharmaceutical spending.
• Covid-19 variants threaten Brazil’s inoculation speed.

On February 6 2021, Brazil received the first shipment from China of 88 litres of active pharmaceutical ingredients

Key View: We forecast household spending in Brazil to return to growth in 2021 after the Covid-19 pandemic led to a contraction in consumer spending in 2020. In Brazil, improving economic growth in 2021 will feed through to supporting household disposable incomes. As a result, we project household spending in the country to grow by a real rate of

Key View:

• The announcement from Ford that it will end its vehicle production operations in Brazil will prevent the country's vehicle output from recovering to pre-Covid levels in 2021.
• However, there is some upside risk to our forecast. If the government is able to efficiently roll out a nationwide vaccination programme, we could see

Key View

• We maintain our positive growth outlook for Brazil's wind power sector, resulting from continued developments to the market's sizeable wind power project pipeline.
• Growing momentum towards the establishment of an offshore wind power industry within Brazil presents substantial upside risk to our medium- to long-term forecasts.
• We