The external environment is challenging, with uncertainties regarding economic slowdown in the U.S. and the Fed’s stance. In Brazil, economic and employment indicators have exceeded expectations, leading to a revision of the GDP growth projection for 2024, which rose from 2.3% to 3.2%. Despite this, slower growth is anticipated in the second half of 2024, with a forecast of 2% for 2025.
Leasing activity picked up this quarter, with good gross and net absorption.
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